Breckenridge, MN—56520
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Breckenridge, MN
As of Oct '25, the median home price in Breckenridge, MN is $195,000, with a year-over-year change of 3.9%. This indicates that home prices in Breckenridge, MN are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $195,000 | 3.9% |
| Single Family | $194,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Breckenridge, MN
As of July '25, Rentcast reports the average rent in Breckenridge, MN is $922, with a year-over-year rent change of 20.7%. Per bedroom, the median rent as of July '25 in Breckenridge, MN is 1-bedrooms: $650, 3-bedrooms: $1,200. The most common rental property sizes in Breckenridge, MN are 1-bedroom and 2-bedroom, accounting for 51.9% and 37.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $922 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Breckenridge, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Breckenridge, MN is 76. This is a increase of 38.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | -3.0% |
Listing Count | 25 | -16.0% |
| Listings as % of Homes | 0.4% | -16.0% |
Days on Market | 76 | 38.0% |
Demographics — Breckenridge, MN
As of the latest ACS Survey released in 2023, Breckenridge, MN has a population of 3,890, which has increased by 1.5% over the past 5 years. Breckenridge, MN is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,890 | 1.5% |
% Under 18 | 21.8% | -2.2% |
% Seniors | 18.8% | -9.2% |
% WFH | 8.1% | 107.7% |
% w/ College Degree | 20.6% | -22.6% |
As of the latest ACS Survey released in 2023, Breckenridge, MN is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Breckenridge, MN is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.4% of the population in Breckenridge, MN, and this percentage has increased by 180.0% 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 | 90.9% | -2.6% |
% Black | 0.2% | -84.6% |
% Hispanic | 2.9% | 383.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.4% | 180.0% |
Mortgage and Risk — Breckenridge, MN
According to HUD data as of 2023, there were 74 mortgage originations in Breckenridge, MN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Breckenridge, MN. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Breckenridge, MN
Breckenridge, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 162 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $650 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | $110 | $1,200 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Breckenridge, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $195,000 |
| Median Household Income | $61,500 |