Bruce, MN housing market
Home prices around Bruce have risen about 43% over the past 5 years. Builders were permitted 2 new homes in 2025.
Home values, sales, trends and how Bruce compares with the towns next door — updated as new data is published.
Home prices up 43% in 5 years
The federal house price index for the ZIP codes around Bruce rose 43% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 3.8%.
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| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +3.8% | +172% | +127% |
| 2024 | +3.5% | +162% | +120% |
| 2023 | +9.5% | +153% | +113% |
| 2022 | +12% | +131% | +104% |
| 2021 | +8.7% | +107% | +82% |
| 2020 | +4.4% | +90% | +66% |
| 2019 | +6.1% | +82% | +61% |
| 2018 | +4.5% | +72% | +55% |
| 2017 | +7.2% | +64% | +46% |
| 2016 | −0.9% | +53% | +38% |
| 2015 | +1.3% | +55% | +32% |
| 2014 | +2.5% | +53% | +28% |
| 2013 | +4.6% | +49% | +21% |
| 2012 | −3.1% | +43% | +16% |
| 2011 | −5.2% | +47% | +18% |
| 2010 | −6.7% | +55% | +25% |
| 2009 | +3% | +66% | +33% |
| 2008 | −7.9% | +61% | +42% |
| 2007 | +3% | +75% | +48% |
| 2006 | +7% | +70% | +49% |
| 2005 | +7.2% | +59% | +45% |
| 2004 | +7.3% | +49% | +34% |
| 2003 | +6.2% | +38% | +23% |
| 2002 | +7.4% | +30% | +18% |
| 2001 | +21% | +21% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56347, 56382, covering 73% of Bruce’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.
2 new homes permitted in 2025
Builders were permitted 2 new homes in Bruce in 2025, all single-family houses. Over the past 10 years, Bruce has permitted 15 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $303,000 |
| 2025 | 2 | 2 | 0 | $683,000 |
| 2024 | 3 | 3 | 0 | $910,000 |
| 2023 | 4 | 4 | 0 | $1.2 million |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 3 | 3 | 0 | $450,000 |
| 2016 | 3 | 3 | 0 | $450,000 |
| 2015 | 1 | 1 | 0 | $150,000 |
| 2014 | 1 | 1 | 0 | $150,000 |
| 2013 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Bruce and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Bruce | — | +3.8%† | $1,030 | 2 | $73,472 |
| Little Elk | — | −1.4%† | $990 | — | $74,688 |
| Long Prairie | $262K | +5.6% | $1,040 | — | $98,393 |
† 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 $1,030
HUD's Fair Market Rent for a two-bedroom in Bruce is $1,030 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Bruce pay a median of $850, so moving in tends to cost more than staying put.
Studio $770 · 4 bedrooms $1,630
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56347, 56382; Morrison 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. 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.