Fergus Falls, MN 56537 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fergus Falls, MN—56537

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$234,000

5.0% YoY Growth

Household Income

$62,300

14.9% YoY Growth

Days on Market

42.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$865

3.2% YoY Growth

1-Bed Rent

$800

15.4% YoY Growth

2-Bed Rent

$1,060

15.8% YoY Growth

3-Bed Rent

$895

7.1% YoY Growth

Home Price Trends — Fergus Falls, MN

As of Nov '25, the median home price in Fergus Falls, MN is $234,000, with a year-over-year change of 5.0%. This indicates that home prices in Fergus Falls, MN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$234,000	5.0%
Single Family	$236,000	4.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fergus Falls, MN

As of July '25, Rentcast reports the average rent in Fergus Falls, MN is $941, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Fergus Falls, MN is 1-bedrooms: $869, 2-bedrooms: $977, 3-bedrooms: $1,040, 4-bedrooms: $1,200. The most common rental property sizes in Fergus Falls, MN are 2-bedroom and 1-bedroom, accounting for 39.9% and 28.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$865	$941
Studio Rent	N/A	N/A
1 Bed Rent	$800	$869
2 Bed Rent	$1,060	$977
3 Bed Rent	$895	$1,040
4 Bed Rent	$1,200	$1,200

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% of Rental Stock

Studio

6.6%

1 Bedroom

28.9%

2 Bedrooms

39.9%

3 Bedrooms

17.7%

4 Bedrooms

6.0%

5+ Bedrooms

0.9%

Property Listings — Fergus Falls, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Fergus Falls, MN is 68. This is a increase of 42.0% 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	$335,000	24.0%
Listing Count	73	16.0%
Listings as % of Homes	0.3%	16.0%
Days on Market	68	42.0%

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Demographics — Fergus Falls, MN

As of the latest ACS Survey released in 2023, Fergus Falls, MN has a population of 19,600, which has increased by 4.0% over the past 5 years. Fergus Falls, MN is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,600	4.0%
% Under 18	22.7%	8.6%
% Seniors	22.2%	-0.9%
% WFH	10.8%	92.9%
% w/ College Degree	29.8%	6.4%

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As of the latest ACS Survey released in 2023, Fergus Falls, MN is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Fergus Falls, MN is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.6% of the population in Fergus Falls, MN, and this percentage has decreased by 27.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.9%	-2.2%
% Black	1.1%	-45.0%
% Hispanic	1.7%	-43.3%
% Asian	1.6%	128.6%
% Foreign Born	1.6%	-27.3%

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Mortgage and Risk — Fergus Falls, MN

According to HUD data as of 2023, there were 442 mortgage originations in Fergus Falls, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Fergus Falls, MN. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	442
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	6.0%
% Second Loans	4.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Fergus Falls, MN

Fergus Falls, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	543
Total Units Section 8	476
% Rentals under Section 8	N/A
% Occupied Section 8	78.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$90	$800	$710
2 Bedroom	-$130	$1,060	$930
3 Bedroom	$395	$895	$1,290
4 Bedroom	$190	$1,200	$1,390

Fergus Falls, MN—56537

Key Metrics at a Glance

Home Price Trends — Fergus Falls, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fergus Falls, MN

% of Rental Stock

Property Listings — Fergus Falls, MN

Demographics — Fergus Falls, MN

Race and Ethnicity

Mortgage and Risk — Fergus Falls, MN

Mortgages

Rentals and Section 8 — Fergus Falls, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Fergus Falls, MN

Home Price to Income Ratio

Fergus Falls, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Elizabeth, MN

Erhard, MN

Dalton, MN

Foxhome, MN

Underwood, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$234,000
Median Household Income	$62,300

Fergus Falls, MN—56537

Key Metrics at a Glance

Home Price Trends — Fergus Falls, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fergus Falls, MN

% of Rental Stock

Property Listings — Fergus Falls, MN

Demographics — Fergus Falls, MN

Race and Ethnicity

Mortgage and Risk — Fergus Falls, MN

Mortgages

Rentals and Section 8 — Fergus Falls, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Fergus Falls, MN

Home Price to Income Ratio

Fergus Falls, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Elizabeth, MN

Erhard, MN

Dalton, MN

Foxhome, MN

Underwood, MN

Frequently Asked Questions

What is the average home price in Fergus Falls, MN 56537?

How have home prices in Fergus Falls, MN 56537 changed over the past year?

What is the home price projection for Fergus Falls, MN 56537?

What are the demographics of Fergus Falls, MN 56537?

How long does it take homes to sell in Fergus Falls, MN 56537?

What is the average rent price in Fergus Falls, MN 56537?