Bungo, MN housing market
Home prices around Bungo have risen about 62% over the past 5 years. No new homes were permitted in 2011.
Home values, sales, trends and how Bungo compares with the towns next door — updated as new data is published.
Home prices up 62% in 5 years
The federal house price index for the ZIP code around Bungo rose 62% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 6.3%.
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| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +6.3% | +184% | +127% |
| 2024 | +5.4% | +167% | +120% |
| 2023 | +27% | +153% | +113% |
| 2022 | +5.4% | +99% | +104% |
| 2021 | +7.8% | +88% | +82% |
| 2020 | +5.3% | +75% | +66% |
| 2019 | +5.8% | +66% | +61% |
| 2018 | +9.6% | +57% | +55% |
| 2017 | +6.5% | +43% | +46% |
| 2016 | −2.7% | +35% | +38% |
| 2015 | +6.3% | +38% | +32% |
| 2014 | −4.9% | +30% | +28% |
| 2013 | +0.3% | +37% | +21% |
| 2012 | +1.3% | +36% | +16% |
| 2011 | −5.1% | +35% | +18% |
| 2010 | −7.4% | +42% | +25% |
| 2009 | −6% | +53% | +33% |
| 2008 | −0.9% | +63% | +42% |
| 2007 | −2.9% | +64% | +48% |
| 2006 | +8.5% | +69% | +49% |
| 2005 | +9% | +56% | +45% |
| 2004 | +11% | +43% | +34% |
| 2003 | +4.6% | +28% | +23% |
| 2002 | +6.6% | +23% | +18% |
| 2001 | +15% | +15% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 56474, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
No new homes permitted in 2011
No permits for new homes were issued in Bungo in 2011. The last year with any was 2009 (3 new homes).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $504,000 |
| 2008 | 4 | 4 | 0 | $645,000 |
| 2007 | 3 | 3 | 0 | $458,000 |
| 2006 | 5 | 5 | 0 | $745,000 |
| 2005 | 9 | 9 | 0 | $1.2 million |
| 2004 | 7 | 7 | 0 | $907,000 |
| 2003 | 5 | 5 | 0 | $615,000 |
Bungo's permit office didn't report to the Census in 2011, so the 2011 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Bungo and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2011 | Median income |
|---|---|---|---|---|
| Bungo | +6.3%† | $970 | 0 | $39,479 |
| Ansel | +2.6%† | $1,120 | — | $63,750 |
| Moose Lake | +7.6%† | $970 | — | $75,000 |
| Walden | +6.2%† | $970 | — | $59,375 |
| Bull Moose | +2.5%† | $990 | — | $116,250 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Bungo is $970 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $720 · 4 bedrooms $1,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56474; Cass 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.