Canosia, MN housing market
Home prices around Canosia have risen about 51% over the past 5 years. No new homes were permitted in 2020.
Home values, sales, trends and how Canosia compares with the towns next door — updated as new data is published.
Home prices up 51% in 5 years
The federal house price index for the ZIP codes around Canosia rose 51% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 6.1%. Carrying the Census median home value forward with that index puts the typical Canosia home at roughly $597,000 today.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +6.1% | +169% | +127% |
| 2024 | +5.8% | +154% | +120% |
| 2023 | +7.4% | +140% | +113% |
| 2022 | +15% | +123% | +104% |
| 2021 | +9.5% | +95% | +82% |
| 2020 | +1.7% | +78% | +66% |
| 2019 | +3.3% | +75% | +61% |
| 2018 | +4.6% | +69% | +55% |
| 2017 | +5.9% | +62% | +46% |
| 2016 | +2.6% | +53% | +38% |
| 2015 | +3% | +49% | +32% |
| 2014 | +1.9% | +45% | +28% |
| 2013 | +2.6% | +42% | +21% |
| 2012 | −1.5% | +38% | +16% |
| 2011 | −2.9% | +40% | +18% |
| 2010 | −2.4% | +45% | +25% |
| 2009 | −3.2% | +48% | +33% |
| 2008 | −0.6% | +53% | +42% |
| 2007 | +1.4% | +54% | +48% |
| 2006 | +2.1% | +52% | +49% |
| 2005 | +8.1% | +49% | +45% |
| 2004 | +10% | +38% | +34% |
| 2003 | +5.9% | +25% | +23% |
| 2002 | +9% | +18% | +18% |
| 2001 | +8.1% | +8.1% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55811, 55803, 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.
No new homes permitted in 2020
No permits for new homes were issued in Canosia in 2020. The last year with any was 2018 (11 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Canosia gained 48 residents while 60 new homes were permitted: about 0.8 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Minnesota: 2.2 new residents per new home.
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 |
|---|---|---|---|---|
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 11 | 11 | 0 | $4 million |
| 2017 | 11 | 11 | 0 | $4 million |
| 2016 | 7 | 7 | 0 | $2.7 million |
| 2015 | 6 | 6 | 0 | $2.3 million |
| 2014 | 4 | 4 | 0 | $167,000 |
| 2013 | 7 | 7 | 0 | $1.3 million |
| 2012 | 6 | 6 | 0 | $1.1 million |
| 2011 | 3 | 3 | 0 | $706,000 |
| 2010 | 5 | 5 | 0 | $710,000 |
| 2009 | 5 | 5 | 0 | $575,000 |
| 2008 | 9 | 9 | 0 | $1.7 million |
| 2007 | 15 | 15 | 0 | $2.1 million |
| 2006 | 6 | 6 | 0 | $989,000 |
| 2005 | 16 | 16 | 0 | $2.5 million |
| 2004 | 17 | 17 | 0 | $2.4 million |
| 2003 | 23 | 23 | 0 | $2.7 million |
| 2002 | 27 | 23 | 4 | $2.6 million |
| 2001 | 21 | 21 | 0 | $2.2 million |
| 2000 | 24 | 22 | 2 | $3.2 million |
Canosia's permit office didn't report to the Census in 2020, so the 2020 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Canosia and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Canosia | — | +6.1%† | $1,620 | — | $87,667 |
| Rice Lake | — | +8%† | $1,710 | — | $89,663 |
| Duluth | — | +6.1%† | $1,460 | 219 | $68,807 |
| Fredenberg | — | +8%† | $1,710 | — | $125,398 |
| Hermantown | $433K | +6% | $1,510 | 19 | $90,849 |
| Grand Lake | — | +12.3%† | $1,790 | — | $100,500 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical Canosia home costs about 4.3 years of the town's median household income, more than across Minnesota (3.9 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,620
HUD's Fair Market Rent for a two-bedroom in Canosia is $1,620 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Canosia pay a median of $1,167, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $1,120 · 4 bedrooms $2,720
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55803, 55811; Duluth, MN-WI MSA), 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.