Barnesville, MN 56514 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Barnesville, MN—56514

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$297,000

2.2% YoY Growth

Household Income

$88,700

14.2% YoY Growth

Days on Market

18.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$650

51.9% YoY Growth

1-Bed Rent

$650

N/A

2-Bed Rent

$850

36.0% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Barnesville, MN

As of Nov '25, the median home price in Barnesville, MN is $297,000, with a year-over-year change of 2.2%. This indicates that home prices in Barnesville, MN are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$297,000	2.2%
Single Family	$296,000	2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Barnesville, MN

As of July '25, Rentcast reports the average rent in Barnesville, MN is $750, with a year-over-year rent change of -51.9%. Per bedroom, the median rent as of July '25 in Barnesville, MN is 1-bedrooms: $650, 2-bedrooms: $850. The most common rental property sizes in Barnesville, MN are 1-bedroom and 3-bedroom, accounting for 31.3% and 30.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$650	$750
Studio Rent	N/A	N/A
1 Bed Rent	$650	$650
2 Bed Rent	$850	$850
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

31.3%

2 Bedrooms

15.9%

3 Bedrooms

30.4%

4 Bedrooms

8.4%

5+ Bedrooms

14.0%

Property Listings — Barnesville, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Barnesville, MN is 39. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$292,000	1.0%
Listing Count	21	12.0%
Listings as % of Homes	0.7%	12.0%
Days on Market	39	18.0%

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Demographics — Barnesville, MN

As of the latest ACS Survey released in 2023, Barnesville, MN has a population of 4,060, which has increased by 10.4% over the past 5 years. Barnesville, MN is a popular place for families, as children make up 29.9% of the population. The area has a moderately educated workforce, with 32.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,060	10.4%
% Under 18	29.9%	7.9%
% Seniors	14.4%	-8.3%
% WFH	8.3%	18.6%
% w/ College Degree	32.1%	15.9%

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As of the latest ACS Survey released in 2023, Barnesville, MN is a predominantly white area, with 94.5% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Barnesville, MN is asian, making up 1.7% of the population. Foreign-born residents account for 0.7% of the population in Barnesville, MN, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	94.5%	3.7%
% Black	0.1%	-92.9%
% Hispanic	0.9%	-74.3%
% Asian	1.7%	750.0%
% Foreign Born	0.7%	40.0%

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Mortgage and Risk — Barnesville, MN

According to HUD data as of 2023, there were 116 mortgage originations in Barnesville, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Barnesville, MN. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	116
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Barnesville, MN

Barnesville, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	34
Total Units Section 8	4
% Rentals under Section 8	1.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$110	$650	$760
2 Bedroom	$80	$850	$930
3 Bedroom	N/A	N/A	$1,310
4 Bedroom	N/A	N/A	$1,560

Barnesville, MN—56514

Key Metrics at a Glance

Home Price Trends — Barnesville, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Barnesville, MN

% of Rental Stock

Property Listings — Barnesville, MN

Demographics — Barnesville, MN

Race and Ethnicity

Mortgage and Risk — Barnesville, MN

Mortgages

Rentals and Section 8 — Barnesville, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Barnesville, MN

Home Price to Income Ratio

Barnesville, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Sabin, MN

Rothsay, MN

Wolverton, MN

Hawley, MN

Glyndon, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$297,000
Median Household Income	$88,700

Barnesville, MN—56514

Key Metrics at a Glance

Home Price Trends — Barnesville, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Barnesville, MN

% of Rental Stock

Property Listings — Barnesville, MN

Demographics — Barnesville, MN

Race and Ethnicity

Mortgage and Risk — Barnesville, MN

Mortgages

Rentals and Section 8 — Barnesville, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Barnesville, MN

Home Price to Income Ratio

Barnesville, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Sabin, MN

Rothsay, MN

Wolverton, MN

Hawley, MN

Glyndon, MN

Frequently Asked Questions

What is the average home price in Barnesville, MN 56514?

How have home prices in Barnesville, MN 56514 changed over the past year?

What is the home price projection for Barnesville, MN 56514?

What are the demographics of Barnesville, MN 56514?

How long does it take homes to sell in Barnesville, MN 56514?

What is the average rent price in Barnesville, MN 56514?