Mahnomen, MN 56651 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mahnomen, MN—56651

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$215,000

3.2% YoY Growth

Household Income

$67,000

38.8% YoY Growth

Days on Market

143

149.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Mahnomen, MN

Mahnomen, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$215,000	3.2%
Single Family	$215,000	3.4%
Condos	N/A	N/A

Cost per Home Size

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

Rental Trends — Mahnomen, MN

Mahnomen, 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

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% of Rental Stock

Studio

5.0%

2 Bedrooms

35.0%

3 Bedrooms

45.0%

4 Bedrooms

15.0%

Property Listings — Mahnomen, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Mahnomen, MN is 143. This is a increase of 149.0% 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	$390,000	-39.0%
Listing Count	5	0.0%
Listings as % of Homes	0.6%	0.0%
Days on Market	143	149.0%

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Demographics — Mahnomen, MN

As of the latest ACS Survey released in 2023, Mahnomen, MN has a population of 638, which has increased by 1.3% over the past 5 years. Mahnomen, MN is a popular place for families, as children make up 31.0% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	638	1.3%
% Under 18	31.0%	14.8%
% Seniors	15.4%	-33.6%
% WFH	16.7%	518.5%
% w/ College Degree	25.0%	96.9%

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As of the latest ACS Survey released in 2023, Mahnomen, MN is a predominantly white area, with 79.8% of the population identifying as white. The white population has grown by 11.8% in the last 5 years. The second most common race or ethnicity in Mahnomen, MN is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.0% of the population in Mahnomen, MN, and this percentage has decreased by 100.0% 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	79.8%	11.8%
% Black	0.0%	-100.0%
% Hispanic	3.6%	-64.0%
% Asian	0.0%	N/A
% Foreign Born	0.0%	-100.0%

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Mortgage and Risk — Mahnomen, MN

Mahnomen, 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

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Rentals and Section 8 — Mahnomen, MN

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

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	$780
2 Bedroom	N/A	N/A	$1,020
3 Bedroom	N/A	N/A	$1,320
4 Bedroom	N/A	N/A	$1,540

Mahnomen, MN—56651

Key Metrics at a Glance

Home Price Trends — Mahnomen, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mahnomen, MN

% of Rental Stock

Property Listings — Mahnomen, MN

Demographics — Mahnomen, MN

Race and Ethnicity

Mortgage and Risk — Mahnomen, MN

Mortgages

Rentals and Section 8 — Mahnomen, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Mahnomen, MN

Home Price to Income Ratio

Mahnomen, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Fosston, MN

Bagley, MN

Clearbrook, MN

McIntosh, MN

Trail, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$215,000
Median Household Income	$67,000

Mahnomen, MN—56651

Key Metrics at a Glance

Home Price Trends — Mahnomen, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mahnomen, MN

% of Rental Stock

Property Listings — Mahnomen, MN

Demographics — Mahnomen, MN

Race and Ethnicity

Mortgage and Risk — Mahnomen, MN

Mortgages

Rentals and Section 8 — Mahnomen, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Mahnomen, MN

Home Price to Income Ratio

Mahnomen, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Fosston, MN

Bagley, MN

Clearbrook, MN

McIntosh, MN

Trail, MN

Frequently Asked Questions

What is the average home price in Mahnomen, MN 56651?

How have home prices in Mahnomen, MN 56651 changed over the past year?

What is the home price projection for Mahnomen, MN 56651?

What are the demographics of Mahnomen, MN 56651?

How long does it take homes to sell in Mahnomen, MN 56651?

What is the average rent price in Mahnomen, MN 56651?