Cities With the Fastest-growing Home Prices in Minnesota

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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 $355,696 in March, 4.6% 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 March 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Minnesota.

1 / 50

Stacker

#50. Kelliher

- Typical home value: $182,518
- 1-year price change: +$19,259 (+11.8%)
- 5-year price change: +$69,226 (+61.1%)
- Metro area: Bemidji, MN

2 / 50

Stacker

#49. Foley

- Typical home value: $232,994
- 1-year price change: +$19,370 (+9.1%)
- 5-year price change: +$81,421 (+53.7%)
- Metro area: St. Cloud, MN

3 / 50

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#48. Foreston

- Typical home value: $315,186
- 1-year price change: +$19,564 (+6.6%)
- 5-year price change: +$115,190 (+57.6%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

4 / 50

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#47. Utica

- Typical home value: $363,587
- 1-year price change: +$19,647 (+5.7%)
- 5-year price change: +$115,008 (+46.3%)
- Metro area: Winona, MN

5 / 50

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#46. Dakota

- Typical home value: $257,987
- 1-year price change: +$19,825 (+8.3%)
- 5-year price change: +$82,103 (+46.7%)
- Metro area: Winona, MN

6 / 50

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#45. Garfield

- Typical home value: $356,716
- 1-year price change: +$20,248 (+6.0%)
- 5-year price change: +$105,653 (+42.1%)
- Metro area: Alexandria, MN

7 / 50

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#44. Orono

- Typical home value: $1,028,671
- 1-year price change: +$20,320 (+2.0%)
- 5-year price change: +$306,509 (+42.4%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

8 / 50

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#43. Longville

- Typical home value: $383,149
- 1-year price change: +$20,587 (+5.7%)
- 5-year price change: +$141,343 (+58.5%)
- Metro area: Brainerd, MN

9 / 50

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#42. Hermantown

- Typical home value: $387,267
- 1-year price change: +$20,814 (+5.7%)
- 5-year price change: +$116,610 (+43.1%)
- Metro area: Duluth, MN-WI

10 / 50

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#41. Emily

- Typical home value: $345,019
- 1-year price change: +$20,900 (+6.4%)
- 5-year price change: +$141,501 (+69.5%)
- Metro area: Brainerd, MN

11 / 50

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#40. Fifty Lakes

- Typical home value: $423,879
- 1-year price change: +$20,988 (+5.2%)
- 5-year price change: +$174,916 (+70.3%)
- Metro area: Brainerd, MN

12 / 50

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#39. Stockton

- Typical home value: $286,318
- 1-year price change: +$21,015 (+7.9%)
- 5-year price change: +$90,334 (+46.1%)
- Metro area: Winona, MN

13 / 50

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#38. Brownton

- Typical home value: $279,079
- 1-year price change: +$21,163 (+8.2%)
- 5-year price change: +$105,427 (+60.7%)
- Metro area: Hutchinson, MN

14 / 50

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#37. Rose Creek

- Typical home value: $255,690
- 1-year price change: +$21,256 (+9.1%)
- 5-year price change: +$92,304 (+56.5%)
- Metro area: Austin, MN

15 / 50

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#36. Side Lake

- Typical home value: $331,546
- 1-year price change: +$21,271 (+6.9%)
- 5-year price change: +$112,824 (+51.6%)
- Metro area: Duluth, MN-WI

16 / 50

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#35. Plato

- Typical home value: $344,628
- 1-year price change: +$21,470 (+6.6%)
- 5-year price change: +$118,087 (+52.1%)
- Metro area: Hutchinson, MN

17 / 50

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#34. Euclid

- Typical home value: $241,194
- 1-year price change: +$21,720 (+9.9%)
- 5-year price change: +$61,843 (+34.5%)
- Metro area: Grand Forks, ND-MN

18 / 50

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#33. Sargeant

- Typical home value: $277,253
- 1-year price change: +$21,783 (+8.5%)
- 5-year price change: +$100,202 (+56.6%)
- Metro area: Austin, MN

19 / 50

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#32. East Gull Lake

- Typical home value: $662,044
- 1-year price change: +$21,856 (+3.4%)
- 5-year price change: +$225,684 (+51.7%)
- Metro area: Brainerd, MN

20 / 50

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#31. Solway

- Typical home value: $248,800
- 1-year price change: +$22,085 (+9.7%)
- 5-year price change: +$92,800 (+59.5%)
- Metro area: Bemidji, MN

21 / 50

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#30. Kellogg

- Typical home value: $337,587
- 1-year price change: +$22,141 (+7.0%)
- 5-year price change: +$91,830 (+37.4%)
- Metro area: Rochester, MN

22 / 50

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#29. Grey Eagle

- Typical home value: $359,273
- 1-year price change: +$22,186 (+6.6%)
- 5-year price change: +$121,874 (+51.3%)
- Metro area: not in a metro area

23 / 50

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#28. Granada

- Typical home value: $190,863
- 1-year price change: +$22,732 (+13.5%)
- 5-year price change: +$74,835 (+64.5%)
- Metro area: Fairmont, MN

24 / 50

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#27. Kilkenny

- Typical home value: $384,861
- 1-year price change: +$22,869 (+6.3%)
- 5-year price change: +$130,278 (+51.2%)
- Metro area: Faribault-Northfield, MN

25 / 50

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#26. Tower

- Typical home value: $331,466
- 1-year price change: +$23,010 (+7.5%)
- 5-year price change: +$116,103 (+53.9%)
- Metro area: Duluth, MN-WI

26 / 50

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#25. Dent

- Typical home value: $378,593
- 1-year price change: +$23,079 (+6.5%)
- 5-year price change: +$132,387 (+53.8%)
- Metro area: Fergus Falls, MN

27 / 50

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#24. Dennison

- Typical home value: $426,226
- 1-year price change: +$23,183 (+5.8%)
- 5-year price change: +$104,470 (+32.5%)
- Metro area: Red Wing, MN

28 / 50

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#23. Nerstrand

- Typical home value: $397,738
- 1-year price change: +$23,368 (+6.2%)
- 5-year price change: +$123,867 (+45.2%)
- Metro area: Faribault-Northfield, MN

29 / 50

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#22. Miltona

- Typical home value: $341,573
- 1-year price change: +$23,395 (+7.4%)
- 5-year price change: +$108,300 (+46.4%)
- Metro area: Alexandria, MN

30 / 50

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#21. Farwell

- Typical home value: $367,295
- 1-year price change: +$23,557 (+6.9%)
- 5-year price change: +$113,742 (+44.9%)
- Metro area: Alexandria, MN

31 / 50

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#20. Outing

- Typical home value: $380,175
- 1-year price change: +$23,677 (+6.6%)
- 5-year price change: +$143,348 (+60.5%)
- Metro area: Brainerd, MN

32 / 50

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#19. Marine on Saint Croix

- Typical home value: $586,408
- 1-year price change: +$24,096 (+4.3%)
- 5-year price change: +$173,273 (+41.9%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

33 / 50

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#18. Mazeppa

- Typical home value: $342,624
- 1-year price change: +$24,190 (+7.6%)
- 5-year price change: +$104,799 (+44.1%)
- Metro area: Rochester, MN

34 / 50

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#17. Millville

- Typical home value: $366,647
- 1-year price change: +$24,366 (+7.1%)
- 5-year price change: +$126,207 (+52.5%)
- Metro area: Rochester, MN

35 / 50

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#16. Holdingford

- Typical home value: $343,796
- 1-year price change: +$24,451 (+7.7%)
- 5-year price change: +$116,804 (+51.5%)
- Metro area: St. Cloud, MN

36 / 50

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#15. Fountain

- Typical home value: $307,855
- 1-year price change: +$24,576 (+8.7%)
- 5-year price change: +$103,719 (+50.8%)
- Metro area: Rochester, MN

37 / 50

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#14. Hillman

- Typical home value: $346,720
- 1-year price change: +$24,705 (+7.7%)
- 5-year price change: +$130,796 (+60.6%)
- Metro area: not in a metro area

38 / 50

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#13. Oak Park

- Typical home value: $362,592
- 1-year price change: +$25,600 (+7.6%)
- 5-year price change: +$98,034 (+37.1%)
- Metro area: St. Cloud, MN

39 / 50

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#12. Freeport

- Typical home value: $391,072
- 1-year price change: +$25,669 (+7.0%)
- 5-year price change: +$131,461 (+50.6%)
- Metro area: St. Cloud, MN

40 / 50

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#11. Deephaven

- Typical home value: $947,956
- 1-year price change: +$29,090 (+3.2%)
- 5-year price change: +$286,460 (+43.3%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

41 / 50

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#10. Tofte

- Typical home value: $392,050
- 1-year price change: +$29,762 (+8.2%)
- 5-year price change: +$112,554 (+40.3%)
- Metro area: not in a metro area

42 / 50

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#9. Puposky

- Typical home value: $247,686
- 1-year price change: +$30,266 (+13.9%)
- 5-year price change: +$95,338 (+62.6%)
- Metro area: Bemidji, MN

43 / 50

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#8. North Oaks

- Typical home value: $895,533
- 1-year price change: +$31,228 (+3.6%)
- 5-year price change: +$250,586 (+38.9%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

44 / 50

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#7. Grand Marais

- Typical home value: $382,520
- 1-year price change: +$31,257 (+8.9%)
- 5-year price change: +$138,645 (+56.9%)
- Metro area: not in a metro area

45 / 50

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#6. Danvers

- Typical home value: $325,599
- 1-year price change: +$32,576 (+11.1%)
- 5-year price change: data not available
- Metro area: not in a metro area

46 / 50

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#5. Gully

- Typical home value: $270,363
- 1-year price change: +$32,628 (+13.7%)
- 5-year price change: +$77,685 (+40.3%)
- Metro area: Grand Forks, ND-MN

47 / 50

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#4. Spring Park

- Typical home value: $532,203
- 1-year price change: +$35,645 (+7.2%)
- 5-year price change: +$104,923 (+24.6%)
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI