Belle Plaine, MN housing market
Homes typically sell in 18 days, a little above asking.
Home values, sales, trends and how Belle Plaine compares with the towns next door — updated as new data is published.
Belle Plaine at a glance
A seller's market
Supply is tight — about 2.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 38% in 5 years
The federal house price index for the ZIP code around Belle Plaine rose 38% over the past 5 years, about the same as across Minnesota. Last year prices rose 3.8%. Carrying the Census median home value forward with that index puts the typical Belle Plaine home at roughly $469,000 today.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +3.8% | +115% | +127% |
| 2024 | +4.9% | +107% | +120% |
| 2023 | −1.1% | +97% | +113% |
| 2022 | +14% | +99% | +104% |
| 2021 | +12% | +74% | +82% |
| 2020 | +2.5% | +56% | +66% |
| 2019 | +4.5% | +52% | +61% |
| 2018 | +5.6% | +46% | +55% |
| 2017 | +6.7% | +38% | +46% |
| 2016 | +8.5% | +29% | +38% |
| 2015 | +2.4% | +19% | +32% |
| 2014 | +7.6% | +16% | +28% |
| 2013 | +6.6% | +8.1% | +21% |
| 2012 | +1.7% | +1.4% | +16% |
| 2011 | −7.6% | −0.3% | +18% |
| 2010 | −8.2% | +7.9% | +25% |
| 2009 | −14% | +17% | +33% |
| 2008 | −4.4% | +36% | +42% |
| 2007 | −2.4% | +42% | +48% |
| 2006 | +1.4% | +46% | +49% |
| 2005 | +4.4% | +44% | +45% |
| 2004 | +11% | +38% | +34% |
| 2003 | +3.4% | +24% | +23% |
| 2002 | +10% | +20% | +18% |
| 2001 | +8.7% | +8.8% | +9.2% |
| 2000 | — | — | — |
How Belle Plaine ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 56011, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
132 new homes permitted in 2025
Builders were permitted 132 new homes in Belle Plaine in 2025: 14 single-family houses and 118 in buildings with two or more homes, worth about $19.5 million to build. That's 18 per 1,000 residents, faster than across Minnesota (3.8). Over the past 10 years, Belle Plaine has permitted 421 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Belle Plaine gained 734 residents while 173 new homes were permitted: about 4.2 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Minnesota: 2.2 new residents per new home.
How Belle Plaine ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 11 | 5 | 6 | $1.7 million |
| 2025 | 132 | 14 | 118 | $19.5 million |
| 2024 | 76 | 4 | 72 | $9.9 million |
| 2023 | 28 | 8 | 20 | $4.2 million |
| 2022 | 27 | 19 | 8 | $4.2 million |
| 2021 | 43 | 7 | 36 | $4.5 million |
| 2020 | 11 | 11 | 0 | $2.2 million |
| 2019 | 21 | 15 | 6 | $4.4 million |
| 2018 | 21 | 21 | 0 | $4.7 million |
| 2017 | 29 | 27 | 2 | $6.1 million |
| 2016 | 33 | 33 | 0 | $7 million |
| 2015 | 24 | 24 | 0 | $5.1 million |
| 2014 | 17 | 13 | 4 | $3.3 million |
| 2013 | 12 | 12 | 0 | $2.4 million |
| 2012 | 7 | 7 | 0 | $1.2 million |
| 2011 | 2 | 2 | 0 | $334,000 |
| 2010 | 7 | 7 | 0 | $1.1 million |
| 2009 | 7 | 7 | 0 | $952,000 |
| 2008 | 7 | 7 | 0 | $852,000 |
| 2007 | 40 | 40 | 0 | $6.3 million |
| 2006 | 58 | 58 | 0 | $10 million |
| 2005 | 116 | 116 | 0 | $20.3 million |
| 2004 | 139 | 139 | 0 | $21 million |
| 2003 | 78 | 72 | 6 | $10.9 million |
How Belle Plaine ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Belle Plaine and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Belle Plaine | — | +3.8%† | $1,520 | 132 | $99,315 |
| Belle Plaine | $351K | +1.2% | $1,520 | — | $125,000 |
| Faxon | — | +1.6%† | $1,520 | — | $142,750 |
| Blakeley | — | +3.8%† | $1,520 | — | $101,458 |
| San Francisco | — | +2.7%† | $1,660 | — | $145,074 |
| St. Lawrence | — | +5.3%† | $1,530 | — | $125,625 |
† FHFA price index change, where Zillow has no home value for the town.
3.2 years of income
The typical Belle Plaine home costs about 3.2 years of the town's median household income, less than across Minnesota (3.9 years).
How Belle Plaine ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in Belle Plaine is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Belle Plaine pay a median of $1,342, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $1,100 · 4 bedrooms $2,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56011; Minneapolis-St. Paul-Bloomington, MN-WI 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.