Vergas, MN—56587
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vergas, MN
As of Oct '25, the median home price in Vergas, MN is $365,000, with a year-over-year change of -0.7%. This indicates that home prices in Vergas, MN are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | -0.7% |
| Single Family | $367,000 | -1.3% |
| 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 — Vergas, MN
Vergas, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Vergas, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Vergas, MN is 161. This is a increase of 74.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 38.0% |
Listing Count | 11 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 161 | 74.0% |
Demographics — Vergas, MN
As of the latest ACS Survey released in 2023, Vergas, MN has a population of 1,300, which has increased by 4.3% over the past 5 years. Vergas, MN is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,300 | 4.3% |
% Under 18 | 18.5% | 14.9% |
% Seniors | 32.9% | 25.1% |
% WFH | 8.9% | 178.1% |
% w/ College Degree | 30.5% | 25.0% |
As of the latest ACS Survey released in 2023, Vergas, MN is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Vergas, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 1.6% of the population in Vergas, MN, and this percentage has increased by 60.0% 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 | 96.0% | 1.2% |
% Black | 0.0% | N/A |
% Hispanic | 0.6% | -45.5% |
% Asian | 0.2% | ∞% |
% Foreign Born | 1.6% | 60.0% |
Mortgage and Risk — Vergas, MN
Vergas, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Vergas, MN
Vergas, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Vergas, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $365,000 |
| Median Household Income | $83,200 |