Alliance, MN housing market
Home prices around Alliance have risen about 41% over the past 5 years.
Home values, sales, trends and how Alliance compares with the towns next door — updated as new data is published.
Home prices up 41% in 5 years
The federal house price index for the ZIP codes around Alliance rose 41% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 11%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +11% | +166% | +127% |
| 2024 | −1.3% | +140% | +120% |
| 2023 | +7.1% | +143% | +113% |
| 2022 | +10% | +127% | +104% |
| 2021 | +9.3% | +106% | +82% |
| 2020 | −3.1% | +88% | +66% |
| 2019 | +2.8% | +94% | +61% |
| 2018 | +7.3% | +89% | +55% |
| 2017 | +3.8% | +76% | +46% |
| 2016 | +8.3% | +70% | +38% |
| 2015 | +4.5% | +57% | +32% |
| 2014 | +5% | +50% | +28% |
| 2013 | +0.1% | +43% | +21% |
| 2012 | +3.8% | +43% | +16% |
| 2011 | −2.8% | +37% | +18% |
| 2010 | +0.7% | +41% | +25% |
| 2009 | −5.6% | +40% | +33% |
| 2008 | +6.3% | +49% | +42% |
| 2007 | −1.7% | +40% | +48% |
| 2006 | +13% | +42% | +49% |
| 2005 | +5.6% | +26% | +45% |
| 2004 | +11% | +19% | +34% |
| 2003 | +3.8% | +8% | +23% |
| 2002 | +2.5% | +4.1% | +18% |
| 2001 | +1.6% | +1.6% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56580, 56514, 56560, covering 51% of Alliance’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Alliance and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Alliance | — | +11.2%† | $990 | $98,750 |
| Holy Cross | — | +4%† | $1,170 | $122,188 |
| Barnesville | $310K | +3.2% | $1,010 | $113,750 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Alliance is $990 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $690 · 4 bedrooms $1,660
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56514, 56560, 56580; Fargo, ND-MN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.