Moorhead, MN 56560 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Moorhead, MN—56560

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$277,000

3.0% YoY Growth

Household Income

$71,100

15.5% YoY Growth

Days on Market

24.0% Shorter YoY

Home Price Forecast

0.3%

Median Rent

$1,220

4.1% YoY Growth

1-Bed Rent

$800

20.8% YoY Growth

2-Bed Rent

$975

24.4% YoY Growth

3-Bed Rent

$1,900

0.5% YoY Growth

Home Price Trends — Moorhead, MN

As of Nov '25, the median home price in Moorhead, MN is $277,000, with a year-over-year change of 3.0%. This indicates that home prices in Moorhead, MN are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$277,000	3.0%
Single Family	$280,000	3.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Moorhead, MN

As of July '25, Rentcast reports the average rent in Moorhead, MN is $1,420, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Moorhead, MN is studios: $797, 1-bedrooms: $848, 2-bedrooms: $1,030, 3-bedrooms: $1,850, 4-bedrooms: $2,060. The most common rental property sizes in Moorhead, MN are 2-bedroom and 1-bedroom, accounting for 42.7% and 31.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,220	$1,420
Studio Rent	$835	$797
1 Bed Rent	$800	$848
2 Bed Rent	$975	$1,030
3 Bed Rent	$1,900	$1,850
4 Bed Rent	$2,100	$2,060

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% of Rental Stock

Studio

3.9%

1 Bedroom

31.8%

2 Bedrooms

42.7%

3 Bedrooms

13.3%

4 Bedrooms

6.6%

5+ Bedrooms

1.8%

Property Listings — Moorhead, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Moorhead, MN is 39. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	1.0%
Listing Count	224	11.0%
Listings as % of Homes	0.4%	11.0%
Days on Market	39	-24.0%

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Demographics — Moorhead, MN

As of the latest ACS Survey released in 2023, Moorhead, MN has a population of 44,200, which has remained stable by 0.7% over the past 5 years. Moorhead, MN is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 42.2% 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	44,200	0.7%
% Under 18	24.6%	8.4%
% Seniors	13.3%	10.8%
% WFH	10.8%	66.2%
% w/ College Degree	42.2%	14.4%

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As of the latest ACS Survey released in 2023, Moorhead, MN is a predominantly white area, with 81.1% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Moorhead, MN is black, making up 6.3% of the population. Foreign-born residents account for 5.8% of the population in Moorhead, MN, and this percentage has increased by 3.6% 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	81.1%	-5.8%
% Black	6.3%	53.7%
% Hispanic	5.5%	19.6%
% Asian	2.1%	61.5%
% Foreign Born	5.8%	3.6%

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Mortgage and Risk — Moorhead, MN

According to HUD data as of 2023, there were 843 mortgage originations in Moorhead, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Moorhead, MN. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	843
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Moorhead, MN

As of 2024, the percent of homes in Moorhead, MN under the Section 8 program is 14.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Moorhead, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,216
Total Units Section 8	1,068
% Rentals under Section 8	14.6%
% Occupied Section 8	78.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$60	$800	$860
2 Bedroom	$65	$975	$1,040
3 Bedroom	-$440	$1,900	$1,460
4 Bedroom	-$350	$2,100	$1,750

Moorhead, MN—56560

Key Metrics at a Glance

Home Price Trends — Moorhead, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Moorhead, MN

% of Rental Stock

Property Listings — Moorhead, MN

Demographics — Moorhead, MN

Race and Ethnicity

Mortgage and Risk — Moorhead, MN

Mortgages

Rentals and Section 8 — Moorhead, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Moorhead, MN

Home Price to Income Ratio

Moorhead, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Moorhead

Moorhead

Dilworth, MN

Fargo, ND

Fargo

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$277,000
Median Household Income	$71,100

Moorhead, MN—56560

Key Metrics at a Glance

Home Price Trends — Moorhead, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Moorhead, MN

% of Rental Stock

Property Listings — Moorhead, MN

Demographics — Moorhead, MN

Race and Ethnicity

Mortgage and Risk — Moorhead, MN

Mortgages

Rentals and Section 8 — Moorhead, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Moorhead, MN

Home Price to Income Ratio

Moorhead, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Moorhead

Moorhead

Dilworth, MN

Fargo, ND

Fargo

Frequently Asked Questions

What is the average home price in Moorhead, MN 56560?

How have home prices in Moorhead, MN 56560 changed over the past year?

What is the home price projection for Moorhead, MN 56560?

What are the demographics of Moorhead, MN 56560?

How long does it take homes to sell in Moorhead, MN 56560?

What is the average rent price in Moorhead, MN 56560?