Deer River, MN 56636 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Deer River, MN—56636

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$245,000

2.5% YoY Growth

Household Income

$59,900

16.6% YoY Growth

Days on Market

17.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$595

N/A

1-Bed Rent

$595

N/A

2-Bed Rent

$800

N/A

3-Bed Rent

N/A

Home Price Trends — Deer River, MN

Deer River, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$245,000	2.5%
Single Family	$245,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Deer River, MN

Deer River, MN lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$595	$698
Studio Rent	N/A	N/A
1 Bed Rent	$595	$595
2 Bed Rent	$800	$800
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

13.7%

2 Bedrooms

41.2%

3 Bedrooms

27.9%

4 Bedrooms

15.5%

5+ Bedrooms

1.7%

Property Listings — Deer River, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Deer River, MN is 66. This is a increase of 17.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$225,000	-34.0%
Listing Count	28	76.0%
Listings as % of Homes	0.2%	76.0%
Days on Market	66	17.0%

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Demographics — Deer River, MN

As of the latest ACS Survey released in 2023, Deer River, MN has a population of 4,680, which has decreased by -6.0% over the past 5 years. Deer River, MN is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 20.1% 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	4,680	-6.0%
% Under 18	19.6%	-16.2%
% Seniors	24.4%	8.0%
% WFH	8.3%	53.7%
% w/ College Degree	20.1%	11.7%

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As of the latest ACS Survey released in 2023, Deer River, MN is a predominantly white area, with 81.2% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Deer River, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 1.0% of the population in Deer River, MN, and this percentage has decreased by 23.1% 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	81.2%	7.3%
% Black	0.2%	-60.0%
% Hispanic	0.6%	-68.4%
% Asian	0.0%	-100.0%
% Foreign Born	1.0%	-23.1%

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Mortgage and Risk — Deer River, MN

According to HUD data as of 2023, there were 51 mortgage originations in Deer River, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Deer River, MN. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	51
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	0.0%
% Second Loans	10.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Deer River, MN

Deer River, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	37
Total Units Section 8	38
% Rentals under Section 8	N/A
% Occupied Section 8	80.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$175	$595	$770
2 Bedroom	$160	$800	$960
3 Bedroom	N/A	N/A	$1,180
4 Bedroom	N/A	N/A	$1,300

Deer River, MN—56636

Key Metrics at a Glance

Home Price Trends — Deer River, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Deer River, MN

% of Rental Stock

Property Listings — Deer River, MN

Demographics — Deer River, MN

Race and Ethnicity

Mortgage and Risk — Deer River, MN

Mortgages

Rentals and Section 8 — Deer River, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Deer River, MN

Home Price to Income Ratio

Deer River, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Jessie Lake, MN

Cohasset, MN

Oslund, MN

Marcell, MN

Bena, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$245,000
Median Household Income	$59,900

Deer River, MN—56636

Key Metrics at a Glance

Home Price Trends — Deer River, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Deer River, MN

% of Rental Stock

Property Listings — Deer River, MN

Demographics — Deer River, MN

Race and Ethnicity

Mortgage and Risk — Deer River, MN

Mortgages

Rentals and Section 8 — Deer River, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Deer River, MN

Home Price to Income Ratio

Deer River, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Jessie Lake, MN

Cohasset, MN

Oslund, MN

Marcell, MN

Bena, MN

Frequently Asked Questions

What is the average home price in Deer River, MN 56636?

How have home prices in Deer River, MN 56636 changed over the past year?

What is the home price projection for Deer River, MN 56636?

What are the demographics of Deer River, MN 56636?

How long does it take homes to sell in Deer River, MN 56636?

What is the average rent price in Deer River, MN 56636?