Longville, MN—56655
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Longville, MN
As of Oct '25, the median home price in Longville, MN is $363,000, with a year-over-year change of 6.5%. This indicates that home prices in Longville, MN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | 6.5% |
| Single Family | $364,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $350,000 | 5.7% |
3 Bed | $482,000 | 5.5% |
4 Bed | $583,000 | 5.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Longville, MN
Longville, 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 — Longville, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Longville, MN is 58. This is a increase of 30.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $604,000 | 22.0% |
Listing Count | 23 | -4.0% |
| Listings as % of Homes | 0.4% | -4.0% |
Days on Market | 58 | 30.0% |
Demographics — Longville, MN
As of the latest ACS Survey released in 2023, Longville, MN has a population of 1,330, which has decreased by -17.6% over the past 5 years. Longville, MN is a less popular place for families, as children make up 7.9% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,330 | -17.6% |
% Under 18 | 7.9% | -53.3% |
% Seniors | 50.4% | 32.3% |
% WFH | 25.2% | 281.8% |
% w/ College Degree | 29.7% | 10.0% |
As of the latest ACS Survey released in 2023, Longville, MN is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Longville, MN is black, making up 0.3% of the population. Foreign-born residents account for 1.4% of the population in Longville, MN, and this percentage has increased by 16.7% 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 | 84.5% | -1.6% |
% Black | 0.3% | 50.0% |
% Hispanic | 0.2% | 100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | 16.7% |
Mortgage and Risk — Longville, MN
According to HUD data as of 2023, there were 68 mortgage originations in Longville, MN, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Longville, MN. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 53.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Longville, MN
Longville, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% 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 | $840 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Longville, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $363,000 |
| Median Household Income | $55,400 |