Cherry Grove, MN housing market
Home prices around Cherry Grove have risen about 39% over the past 5 years.
Home values, sales, trends and how Cherry Grove compares with the towns next door — updated as new data is published.
Home prices up 39% in 5 years
The federal house price index for the ZIP codes around Cherry Grove rose 39% over the past 5 years, about the same as across Minnesota. Last year prices rose 1.7%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +1.7% | +129% | +127% |
| 2024 | +4.9% | +126% | +120% |
| 2023 | +1.7% | +115% | +113% |
| 2022 | +16% | +111% | +104% |
| 2021 | +11% | +83% | +82% |
| 2020 | +1% | +65% | +66% |
| 2019 | +7.6% | +64% | +61% |
| 2018 | +7.8% | +52% | +55% |
| 2017 | +7.5% | +41% | +46% |
| 2016 | +0.8% | +31% | +38% |
| 2015 | +14% | +30% | +32% |
| 2014 | −0.7% | +14% | +28% |
| 2013 | +2.9% | +15% | +21% |
| 2012 | −0.3% | +12% | +16% |
| 2011 | −12% | +12% | +18% |
| 2010 | −1.2% | +27% | +25% |
| 2009 | −3.9% | +29% | +33% |
| 2008 | −7.8% | +34% | +42% |
| 2007 | −1.3% | +45% | +48% |
| 2006 | +6.9% | +47% | +49% |
| 2005 | +5% | +38% | +45% |
| 2004 | +10% | +31% | +34% |
| 2003 | +3.7% | +19% | +23% |
| 2002 | +4.5% | +15% | +18% |
| 2001 | +10% | +10% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55946, 55983, 55985, covering 80% of Cherry Grove’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.
Cherry Grove and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Cherry Grove | — | +1.7%† | $1,160 | $81,250 |
| Wanamingo | $303K | +3.1% | $1,080 | $86,034 |
| Roscoe | — | +5.4%† | $1,090 | $124,250 |
| Kenyon | $299K | +3% | $1,210 | $101,250 |
† 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 $1,160
HUD's Fair Market Rent for a two-bedroom in Cherry Grove is $1,160 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $860 · 4 bedrooms $1,950
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55946, 55983, 55985; Rochester, MN HUD Metro FMR Area), 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.