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Moorhead, MN · 56561

Realtor Apr 2024 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $81K, +4.5% YoY (county); renters hold 34.1% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $635,000 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

$635K

Population

26,442

Median Days on Market

Active Listings

New Listings

Housing Market

Pricing

Median Listing Price

$635K-- YoY

Average Listing Price

$635K-- YoY

Price per Sq Ft

$131-- YoY

Median Sq Ft

4,831-- YoY

Inventory

Active Listings

1-- YoY

New Listings

0-- YoY

Total Listings

1-- YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

33-- YoY

Price Reduced

0.0%-- YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 27,559

28Kunits

Occupied26,44295.9%

Vacant1,1174.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 26,442

26Koccupied

Owner17,42465.9%

Renter9,01834.1%

Renter Share

34.1%+2.2% YoY

Total Housing Units

27,559+1.2% YoY

FY2026 Fair Market Rent

CountyClay County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$768

/month

1 BR

$917

/month

2 BR

$1,112

/month

3 BR

$1,547

/month

4 BR

$1,865

/month

FMR trends · Clay County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.7% to 66,059: residents under 18 are up 0.2% and those 65 and over are up 1.7%.

Median Age

33.72024

Population

Clay County Population

66,848+0.6% YoY

Households

Total Households

26,442+1.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.38-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 66,059

66Kresidents

Under 1816,31524.7%

Adults 18–6440,49661.3%

65 & Over9,24814.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

16,315+0.2% YoY

Population 65 & Over

9,248+1.7% YoY

Median Age

33.70+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.3%

Moved (within US)15.4%

Other0.3%

Veterans

5.5%+1.9% YoY

County Economy

County median household income is $81K, 13.3% of residents are below the poverty level, 11.8% work from home.

Income

Median Household Income

$81K+4.5% YoY

Per-Capita Income

$40K+3.0% YoY

Mean Household Income

$100K+3.1% YoY

Poverty

Below Poverty Level

13.3%-7.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.5%

Public transit1.8%

Worked from home11.8%

Other11.9%

Worked From Home

11.8%+7.3% YoY

Mean Commute

19.70+1.0% YoY

Done with 56561? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Moorhead, MN · 56561

Realtor Apr 2024 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $81K, +4.5% YoY (county); renters hold 34.1% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$635K

Population

26,442

Median Days on Market

Active Listings

New Listings

Housing Market

Pricing

Median Listing Price

$635K-- YoY

Average Listing Price

$635K-- YoY

Price per Sq Ft

$131-- YoY

Median Sq Ft

4,831-- YoY

Inventory

Active Listings

1-- YoY

New Listings

0-- YoY

Total Listings

1-- YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

33-- YoY

Price Reduced

0.0%-- YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 27,559

28Kunits

Occupied26,44295.9%

Vacant1,1174.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 26,442

26Koccupied

Owner17,42465.9%

Renter9,01834.1%

Renter Share

34.1%+2.2% YoY

Total Housing Units

27,559+1.2% YoY

FY2026 Fair Market Rent

CountyClay County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$768

/month

1 BR

$917

/month

2 BR

$1,112

/month

3 BR

$1,547

/month

4 BR

$1,865

/month

FMR trends · Clay County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.7% to 66,059: residents under 18 are up 0.2% and those 65 and over are up 1.7%.

Median Age

33.72024

Population

Clay County Population

66,848+0.6% YoY

Households

Total Households

26,442+1.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.38-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 66,059

66Kresidents

Under 1816,31524.7%

Adults 18–6440,49661.3%

65 & Over9,24814.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

16,315+0.2% YoY

Population 65 & Over

9,248+1.7% YoY

Median Age

33.70+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.3%

Moved (within US)15.4%

Other0.3%

Veterans

5.5%+1.9% YoY

County Economy

County median household income is $81K, 13.3% of residents are below the poverty level, 11.8% work from home.

Income

Median Household Income

$81K+4.5% YoY

Per-Capita Income

$40K+3.0% YoY

Mean Household Income

$100K+3.1% YoY

Poverty

Below Poverty Level

13.3%-7.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.5%

Public transit1.8%

Worked from home11.8%

Other11.9%

Worked From Home

11.8%+7.3% YoY

Mean Commute

19.70+1.0% YoY

Done with 56561? Put it next to another market.