Cities with the fastest-growing home prices in Minnesota

Written by:
Stacker
September 23, 2024
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest-growing home prices in Minnesota

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $362,143 in August, 2.5% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in Minnesota using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending August 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Minnesota.

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#50. Pelican Rapids

- Typical home value: $416,822
- 1-year price change: +$17,192 (+4.3%)
- 5-year price change: +$136,618 (+48.8%)
- Metro area: Fergus Falls, MN

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Stacker

#49. Silver Bay

- Typical home value: $176,427
- 1-year price change: +$17,279 (+10.9%)
- 5-year price change: +$78,508 (+80.2%)
- Metro area: Duluth, MN-WI

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#48. Gully

- Typical home value: $284,612
- 1-year price change: +$17,432 (+6.5%)
- 5-year price change: +$87,425 (+44.3%)
- Metro area: Grand Forks, ND-MN

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#47. Rose Creek

- Typical home value: $269,633
- 1-year price change: +$17,644 (+7.0%)
- 5-year price change: +$95,026 (+54.4%)
- Metro area: Austin, MN

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#46. Waltham

- Typical home value: $276,733
- 1-year price change: +$17,784 (+6.9%)
- 5-year price change: +$103,295 (+59.6%)
- Metro area: Austin, MN

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#45. Kerrick

- Typical home value: $263,803
- 1-year price change: +$17,882 (+7.3%)
- 5-year price change: +$105,890 (+67.1%)
- Metro area: not in a metro area

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#44. Longville

- Typical home value: $409,187
- 1-year price change: +$17,976 (+4.6%)
- 5-year price change: +$152,810 (+59.6%)
- Metro area: Brainerd, MN

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#43. Hendricks

- Typical home value: $180,721
- 1-year price change: +$17,981 (+11.0%)
- 5-year price change: +$63,758 (+54.5%)
- Metro area: not in a metro area

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#42. Sargeant

- Typical home value: $287,561
- 1-year price change: +$18,023 (+6.7%)
- 5-year price change: +$102,934 (+55.8%)
- Metro area: Austin, MN

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#41. Freeport

- Typical home value: $406,634
- 1-year price change: +$18,125 (+4.7%)
- 5-year price change: +$135,331 (+49.9%)
- Metro area: St. Cloud, MN

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#40. Henning

- Typical home value: $280,098
- 1-year price change: +$18,238 (+7.0%)
- 5-year price change: +$97,916 (+53.7%)
- Metro area: Fergus Falls, MN

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#39. Dakota

- Typical home value: $274,367
- 1-year price change: +$18,359 (+7.2%)
- 5-year price change: +$92,311 (+50.7%)
- Metro area: Winona, MN

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#38. Brownton

- Typical home value: $271,192
- 1-year price change: +$18,591 (+7.4%)
- 5-year price change: +$95,003 (+53.9%)
- Metro area: Hutchinson, MN

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#37. Rush City

- Typical home value: $255,251
- 1-year price change: +$18,693 (+7.9%)
- 5-year price change: +$72,601 (+39.7%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#36. Perham

- Typical home value: $374,694
- 1-year price change: +$19,007 (+5.3%)
- 5-year price change: +$113,518 (+43.5%)
- Metro area: Fergus Falls, MN

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#35. Comfrey

- Typical home value: $233,111
- 1-year price change: +$19,128 (+8.9%)
- 5-year price change: +$73,945 (+46.5%)
- Metro area: New Ulm, MN

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#34. Miltona

- Typical home value: $356,727
- 1-year price change: +$19,131 (+5.7%)
- 5-year price change: +$118,543 (+49.8%)
- Metro area: Alexandria, MN

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#33. Tower

- Typical home value: $349,454
- 1-year price change: +$19,227 (+5.8%)
- 5-year price change: +$122,388 (+53.9%)
- Metro area: Duluth, MN-WI

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#32. Sunburg

- Typical home value: $320,546
- 1-year price change: +$19,705 (+6.6%)
- 5-year price change: +$99,573 (+45.1%)
- Metro area: Willmar, MN

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#31. Two Harbors

- Typical home value: $303,256
- 1-year price change: +$19,973 (+7.1%)
- 5-year price change: +$108,447 (+55.7%)
- Metro area: Duluth, MN-WI

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#30. Nerstrand

- Typical home value: $405,008
- 1-year price change: +$20,281 (+5.3%)
- 5-year price change: +$128,180 (+46.3%)
- Metro area: Faribault-Northfield, MN

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#29. Ottertail

- Typical home value: $391,132
- 1-year price change: +$20,520 (+5.5%)
- 5-year price change: +$141,839 (+56.9%)
- Metro area: Fergus Falls, MN

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#28. Solway

- Typical home value: $270,050
- 1-year price change: +$20,564 (+8.2%)
- 5-year price change: +$101,326 (+60.1%)
- Metro area: Bemidji, MN

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#27. Marine on Saint Croix

- Typical home value: $605,181
- 1-year price change: +$20,688 (+3.5%)
- 5-year price change: +$182,603 (+43.2%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#26. Millville

- Typical home value: $393,257
- 1-year price change: +$20,722 (+5.6%)
- 5-year price change: +$138,253 (+54.2%)
- Metro area: Rochester, MN

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26 / 50
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#25. Hillman

- Typical home value: $374,916
- 1-year price change: +$20,776 (+5.9%)
- 5-year price change: +$147,952 (+65.2%)
- Metro area: not in a metro area

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#24. Plato

- Typical home value: $334,649
- 1-year price change: +$20,776 (+6.6%)
- 5-year price change: +$109,574 (+48.7%)
- Metro area: Hutchinson, MN

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#23. Rock Creek

- Typical home value: $344,787
- 1-year price change: +$21,098 (+6.5%)
- 5-year price change: +$148,267 (+75.4%)
- Metro area: not in a metro area

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#22. North Oaks

- Typical home value: $915,217
- 1-year price change: +$21,263 (+2.4%)
- 5-year price change: +$263,442 (+40.4%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#21. Bruno

- Typical home value: $260,181
- 1-year price change: +$21,293 (+8.9%)
- 5-year price change: +$106,362 (+69.1%)
- Metro area: not in a metro area

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#20. Finland

- Typical home value: $272,483
- 1-year price change: +$21,633 (+8.6%)
- 5-year price change: +$96,671 (+55.0%)
- Metro area: Duluth, MN-WI

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#19. Brook Park

- Typical home value: $238,572
- 1-year price change: +$22,080 (+10.2%)
- 5-year price change: +$99,393 (+71.4%)
- Metro area: not in a metro area

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#18. Vergas

- Typical home value: $423,933
- 1-year price change: +$22,338 (+5.6%)
- 5-year price change: +$143,249 (+51.0%)
- Metro area: Fergus Falls, MN

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#17. Holdingford

- Typical home value: $360,855
- 1-year price change: +$22,402 (+6.6%)
- 5-year price change: +$126,198 (+53.8%)
- Metro area: St. Cloud, MN

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#16. Clitherall

- Typical home value: $461,365
- 1-year price change: +$22,787 (+5.2%)
- 5-year price change: +$151,033 (+48.7%)
- Metro area: Fergus Falls, MN

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#15. Utica

- Typical home value: $384,219
- 1-year price change: +$23,031 (+6.4%)
- 5-year price change: +$122,008 (+46.5%)
- Metro area: Winona, MN

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#14. Dent

- Typical home value: $413,916
- 1-year price change: +$23,193 (+5.9%)
- 5-year price change: +$145,955 (+54.5%)
- Metro area: Fergus Falls, MN

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#13. East Gull Lake

- Typical home value: $700,878
- 1-year price change: +$23,344 (+3.4%)
- 5-year price change: +$242,767 (+53.0%)
- Metro area: Brainerd, MN

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#12. Side Lake

- Typical home value: $364,811
- 1-year price change: +$23,635 (+6.9%)
- 5-year price change: +$127,217 (+53.5%)
- Metro area: Duluth, MN-WI

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#11. Racine

- Typical home value: $359,126
- 1-year price change: +$23,661 (+7.1%)
- 5-year price change: +$119,839 (+50.1%)
- Metro area: Austin, MN

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#10. Oak Park

- Typical home value: $374,741
- 1-year price change: +$25,784 (+7.4%)
- 5-year price change: +$110,815 (+42.0%)
- Metro area: St. Cloud, MN

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#9. Battle Lake

- Typical home value: $470,908
- 1-year price change: +$26,375 (+5.9%)
- 5-year price change: +$156,623 (+49.8%)
- Metro area: Fergus Falls, MN

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#8. Lutsen

- Typical home value: $494,085
- 1-year price change: +$27,362 (+5.9%)
- 5-year price change: +$183,625 (+59.1%)
- Metro area: not in a metro area

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#7. Deephaven

- Typical home value: $980,295
- 1-year price change: +$27,525 (+2.9%)
- 5-year price change: +$328,016 (+50.3%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#6. Danvers

- Typical home value: $320,941
- 1-year price change: +$28,328 (+9.7%)
- 5-year price change: data not available
- Metro area: not in a metro area

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#5. Richville

- Typical home value: $421,701
- 1-year price change: +$28,985 (+7.4%)
- 5-year price change: +$131,724 (+45.4%)
- Metro area: Fergus Falls, MN

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#4. Orono

- Typical home value: $1,063,877
- 1-year price change: +$29,397 (+2.8%)
- 5-year price change: +$342,898 (+47.6%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#3. Zumbro Falls

- Typical home value: $463,446
- 1-year price change: +$38,663 (+9.1%)
- 5-year price change: +$153,739 (+49.6%)
- Metro area: Rochester, MN

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#2. Lake Shore

- Typical home value: $722,012
- 1-year price change: +$40,309 (+5.9%)
- 5-year price change: +$280,272 (+63.4%)
- Metro area: Brainerd, MN

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#1. Minnetonka Beach

- Typical home value: $2,085,215
- 1-year price change: +$64,998 (+3.2%)
- 5-year price change: +$752,845 (+56.5%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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