Tracy, Minnesota.
Typical home $149,123 (+9.9% in a year). Marshall, MN metro.
to buy the typical home at today's mortgage rate — +$385 (+97%) since Jan 2020.
- 1 year
- Up $13,445 +10%
- $135,677$149,123 since Sep 2025
- 5 years
- Up $21,332 +17%
- $127,790$149,123 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Tracy$783
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Tracy, MN rose 9.9% over the past year — faster than the nation's +1.2%.
Living in Tracy, Lyon County, Minnesota
Tracy is a city of 2,076 people in Lyon County. Half its households earn more than $67,788 a year and half less, against $75,303 across Lyon County; 10% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Lyon County was 4.7% in August 2026, and the county had 2.3% fewer jobs in 2025 than the year before. The most people in Lyon County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Tracy is a small city in Lyon County where most homes are lived in by their owners, a good deal more than is typical across the country. Household incomes run below the county's, and typical home values are modest. Winters are cold and snowy, with January the coldest month, and summers are warm in July, with a fair amount of rain and melted snow through the year.
Work. Residents work mostly in schools, hospitals and social care, with shops, manufacturing, and banks, insurance and property also employing many. Among the largest workplaces in Tracy are the Tracy Area Public School District, Sanford Hospital Tracy and Tracy Healthcare Center. Commutes are fairly short, and unemployment across Lyon County has risen a little over the past year, with somewhat fewer jobs than the year before.
Things to do. Lake Shetek State Park, a protected area, and Lake Shetek itself are both a short drive away, and make a natural place for time on the water. Plum Creek, a river, is also a short drive away, while Camden State Park is a longer drive for those ready to go further afield.
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- 756households
- 15%of adults have a degree
- 10%below the poverty line
- 22 mintypical commute
- 10%work from home
What people in Lyon County work in
Employed residents by industry, from the Census survey. Lyon County had 13,452 jobs in 2025, 2.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 23° and lows near 5°; warmest in July, with highs near 82° and lows near 62°. About 49 inches of snow and 29 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Tracy weather station, under a mile away (NOAA).
Largest workplaces in Tracy
- Tracy Area Public School DistrictSchool district109FTE
- Tracy Healthcare CenterNursing homes61
- Sanford Hospital TracyCritical access hospital44FTE
- City of TracyCity and town managers' offices41
- CHSFarm supplies merchant wholesalers22
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 5 workplaces with 20 or more staff, 326 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- Cold wavesRelatively high
- Strong windRelatively moderate
- Ice stormsRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Tracy’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lyon County and the Marshall, MN metro.
Tracy home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Tracy$149,123
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Tracy listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Tracy17
New listings per month
Sellers arriving at the market.
- Tracy5
Zip codes with a Tracy address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Tracy — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.