Bemidji, MN 56601 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bemidji, MN—56601

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$277,000

4.0% YoY Growth

Household Income

$69,800

38.0% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

2.3%

Median Rent

$1,300

7.8% YoY Growth

1-Bed Rent

$950

13.9% YoY Growth

2-Bed Rent

$1,000

5.1% YoY Growth

3-Bed Rent

$1,400

4.3% YoY Growth

Home Price Trends — Bemidji, MN

As of Nov '25, the median home price in Bemidji, MN is $277,000, with a year-over-year change of 4.0%. This indicates that home prices in Bemidji, MN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$277,000	4.0%
Single Family	$277,000	3.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bemidji, MN

As of July '25, Rentcast reports the average rent in Bemidji, MN is $1,380, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Bemidji, MN is studios: $638, 1-bedrooms: $992, 2-bedrooms: $1,050, 3-bedrooms: $1,460, 4-bedrooms: $1,900. The most common rental property sizes in Bemidji, MN are 2-bedroom and 1-bedroom, accounting for 44.6% and 21.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,380
Studio Rent	$625	$638
1 Bed Rent	$950	$992
2 Bed Rent	$1,000	$1,050
3 Bed Rent	$1,400	$1,460
4 Bed Rent	$1,750	$1,900

Loading chart...

% of Rental Stock

Studio

5.4%

1 Bedroom

21.7%

2 Bedrooms

44.6%

3 Bedrooms

18.6%

4 Bedrooms

8.7%

5+ Bedrooms

1.1%

Property Listings — Bemidji, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Bemidji, MN is 72. This is a increase of 3.0% 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	$350,000	-2.0%
Listing Count	159	2.0%
Listings as % of Homes	0.6%	2.0%
Days on Market	72	3.0%

Loading chart...

Demographics — Bemidji, MN

As of the latest ACS Survey released in 2023, Bemidji, MN has a population of 34,700, which has increased by 1.2% over the past 5 years. Bemidji, 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 37.8% 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	34,700	1.2%
% Under 18	22.7%	2.3%
% Seniors	17.8%	10.6%
% WFH	8.9%	29.0%
% w/ College Degree	37.8%	10.5%

Loading chart...

As of the latest ACS Survey released in 2023, Bemidji, MN is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Bemidji, MN is hispanic, making up 2.8% of the population. Foreign-born residents account for 2.0% of the population in Bemidji, MN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	80.4%	-3.1%
% Black	1.8%	38.5%
% Hispanic	2.8%	33.3%
% Asian	0.7%	-41.7%
% Foreign Born	2.0%	0.0%

Loading chart...

Mortgage and Risk — Bemidji, MN

According to HUD data as of 2023, there were 488 mortgage originations in Bemidji, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Bemidji, MN. Investor activity is low, as 3.0% 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	488
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	3.0%
% Second Loans	5.0%
% Cash Out Refinance	7.0%

Loading chart...

Rentals and Section 8 — Bemidji, MN

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

Section 8 Market Size

Total Units under HUD	569
Total Units Section 8	449
% Rentals under Section 8	N/A
% Occupied Section 8	65.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$120	$950	$830
2 Bedroom	$90	$1,000	$1,090
3 Bedroom	-$80	$1,400	$1,320
4 Bedroom	-$190	$1,750	$1,560

Bemidji, MN—56601

Key Metrics at a Glance

Home Price Trends — Bemidji, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bemidji, MN

% of Rental Stock

Property Listings — Bemidji, MN

Demographics — Bemidji, MN

Race and Ethnicity

Mortgage and Risk — Bemidji, MN

Mortgages

Rentals and Section 8 — Bemidji, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Bemidji, MN

Home Price to Income Ratio

Bemidji, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Tenstrike, MN

Puposky, MN

Becida, MN

Laporte, MN

Hines, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$277,000
Median Household Income	$69,800

Bemidji, MN—56601

Key Metrics at a Glance

Home Price Trends — Bemidji, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bemidji, MN

% of Rental Stock

Property Listings — Bemidji, MN

Demographics — Bemidji, MN

Race and Ethnicity

Mortgage and Risk — Bemidji, MN

Mortgages

Rentals and Section 8 — Bemidji, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Bemidji, MN

Home Price to Income Ratio

Bemidji, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Tenstrike, MN

Puposky, MN

Becida, MN

Laporte, MN

Hines, MN

Frequently Asked Questions

What is the average home price in Bemidji, MN 56601?

How have home prices in Bemidji, MN 56601 changed over the past year?

What is the home price projection for Bemidji, MN 56601?

What are the demographics of Bemidji, MN 56601?

How long does it take homes to sell in Bemidji, MN 56601?

What is the average rent price in Bemidji, MN 56601?