Amherst, MN housing market
Home prices around Amherst have risen about 40% over the past 5 years.
Home values, sales, trends and how Amherst compares with the towns next door — updated as new data is published.
Home prices up 40% in 5 years
The federal house price index for the ZIP codes around Amherst rose 40% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 16%.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | −16% | +118% | +107% |
| 2024 | +12% | +159% | +102% |
| 2023 | +16% | +130% | +95% |
| 2022 | +18% | +99% | +87% |
| 2021 | +7.9% | +68% | +66% |
| 2020 | +2.8% | +56% | +52% |
| 2019 | +12% | +51% | +48% |
| 2018 | +8.8% | +35% | +42% |
| 2017 | +0.2% | +24% | +34% |
| 2016 | −2.1% | +24% | +27% |
| 2015 | +7.8% | +26% | +21% |
| 2014 | −2.4% | +17% | +17% |
| 2013 | +0.5% | +20% | +11% |
| 2012 | −3% | +19% | +6.4% |
| 2011 | −9% | +23% | +8% |
| 2010 | +7.8% | +35% | +14% |
| 2009 | −9.8% | +25% | +22% |
| 2008 | −2.7% | +39% | +30% |
| 2007 | +1.6% | +43% | +36% |
| 2006 | +20% | +41% | +37% |
| 2005 | −3.7% | +17% | +33% |
| 2004 | +11% | +21% | +23% |
| 2003 | −0.9% | +9.5% | +13% |
| 2002 | +11% | +11% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55949, 55922, 55939, covering 66% of Amherst’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.
Amherst and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Amherst | — | −15.9%† | $990 | $82,625 |
| Preston | $272K | +4.1% | $990 | $91,250 |
| Holt | — | −15.9%† | $990 | $107,917 |
| Canton | $258K | +5% | $1,000 | $79,063 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Amherst is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Amherst pay a median of $939.
Studio $750 · 4 bedrooms $1,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55922, 55939, 55949; Fillmore County, MN HUD Metro FMR Area), 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.