Bigfork, MN—56628
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bigfork, MN
Bigfork, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $243,000 | 2.7% |
| Single Family | $243,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | 1.3% |
3 Bed | $317,000 | 1.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bigfork, MN
Bigfork, 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 — Bigfork, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bigfork, MN is 69. This is a increase of 32.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | 44.0% |
Listing Count | 16 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 69 | 32.0% |
Demographics — Bigfork, MN
As of the latest ACS Survey released in 2023, Bigfork, MN has a population of 1,650, which has decreased by -1.5% over the past 5 years. Bigfork, MN is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,650 | -1.5% |
% Under 18 | 18.7% | 36.5% |
% Seniors | 34.9% | -19.8% |
% WFH | 8.3% | 69.4% |
% w/ College Degree | 15.5% | -31.4% |
As of the latest ACS Survey released in 2023, Bigfork, MN is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Bigfork, MN is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.7% of the population in Bigfork, MN, and this percentage has decreased by 46.2% 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 | 89.9% | -5.1% |
% Black | 1.3% | 85.7% |
% Hispanic | 1.4% | -48.1% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 0.7% | -46.2% |
Mortgage and Risk — Bigfork, MN
According to HUD data as of 2023, there were 47 mortgage originations in Bigfork, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Bigfork, MN. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 34.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bigfork, MN
Bigfork, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | N/A | N/A | $1,570 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Bigfork, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $243,000 |
| Median Household Income | $58,600 |