Belmont, MN housing market
Home prices around Belmont have risen about 40% over the past 5 years.
Home values, sales, trends and how Belmont 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 Belmont rose 40% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 2.9%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | −2.9% | +160% | +127% |
| 2024 | +18% | +168% | +120% |
| 2023 | −3.7% | +128% | +113% |
| 2022 | +19% | +136% | +104% |
| 2021 | +6.8% | +98% | +82% |
| 2020 | +4.2% | +86% | +66% |
| 2019 | +4.8% | +78% | +61% |
| 2018 | −6.8% | +70% | +55% |
| 2017 | +5.7% | +82% | +46% |
| 2016 | +6.5% | +73% | +38% |
| 2015 | +1.1% | +62% | +32% |
| 2014 | +4.9% | +60% | +28% |
| 2013 | +4.4% | +53% | +21% |
| 2012 | +0.8% | +46% | +16% |
| 2011 | −1.1% | +45% | +18% |
| 2010 | +0.3% | +47% | +25% |
| 2009 | −2.4% | +46% | +33% |
| 2008 | −1.2% | +50% | +42% |
| 2007 | +1.8% | +52% | +48% |
| 2006 | +4.6% | +49% | +49% |
| 2005 | +2.6% | +43% | +45% |
| 2004 | +9.7% | +39% | +34% |
| 2003 | +4% | +27% | +23% |
| 2002 | +3% | +22% | +18% |
| 2001 | +18% | +18% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56143, 56150, covering 84% of Belmont’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.
Belmont and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Belmont | — | −2.9%† | $980 | $86,563 |
| Des Moines | — | −2.9%† | $970 | $89,167 |
| Christiania | — | +11.9%† | $1,030 | $81,250 |
| Heron Lake | $115K | −0.9% | $1,050 | $94,107 |
| Enterprise | — | −2.9%† | $1,050 | $104,107 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Belmont is $980 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $680 · 4 bedrooms $1,310
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56143, 56150; Jackson County, MN), 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.