Center, MN housing market
Home prices around Center have risen about 47% over the past 5 years.
Home values, sales, trends and how Center compares with the towns next door — updated as new data is published.
Home prices up 47% in 5 years
The federal house price index for the ZIP codes around Center rose 47% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 1.7%. Carrying the Census median home value forward with that index puts the typical Center home at roughly $560,000 today.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | −1.7% | +142% | +107% |
| 2024 | +10% | +146% | +102% |
| 2023 | +7.9% | +123% | +95% |
| 2022 | +15% | +107% | +87% |
| 2021 | +9.1% | +79% | +66% |
| 2020 | +2.7% | +64% | +52% |
| 2019 | +9.2% | +60% | +48% |
| 2018 | +0.6% | +46% | +42% |
| 2017 | +8.3% | +46% | +34% |
| 2016 | −0.3% | +34% | +27% |
| 2015 | +4.1% | +35% | +21% |
| 2014 | +3.3% | +30% | +17% |
| 2013 | −0.4% | +25% | +11% |
| 2012 | −3% | +26% | +6.4% |
| 2011 | −4.6% | +30% | +8% |
| 2010 | −7.6% | +36% | +14% |
| 2009 | −3.3% | +47% | +22% |
| 2008 | −5.9% | +52% | +30% |
| 2007 | +7.1% | +62% | +36% |
| 2006 | −0.3% | +51% | +37% |
| 2005 | +14% | +52% | +33% |
| 2004 | +12% | +33% | +23% |
| 2003 | +6% | +19% | +13% |
| 2002 | +12% | +12% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56465, 56401, 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.
Center and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Center | −1.7%† | $1,080 | — | $74,554 |
| Wolford | +23.3%† | $1,030 | — | $74,063 |
| Irondale | +24.4%† | $1,200 | 4 | $86,591 |
| Oak Lawn | +5.3%† | $1,060 | — | $85,417 |
| Mission | +7.7%† | $1,070 | — | $80,662 |
| Lake Edward | +4.8%† | $1,130 | — | $82,292 |
† FHFA price index change, where Zillow has no home value for the town.
4.5 years of income
The typical Center home costs about 4.5 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 $1,080
HUD's Fair Market Rent for a two-bedroom in Center is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Center pay a median of $1,468. A two-bedroom takes about 17% of the town's median household income.
Studio $750 · 4 bedrooms $1,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56401, 56465; Crow Wing 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.