Cromwell, MN housing market
The typical Cromwell home is worth about $254,000, up 3.1% in a year, 28% below the Minnesota typical home.
Home values, sales, trends and how Cromwell compares with the towns next door — updated as new data is published.
Cromwell at a glance
Typical home value, 2016–2026
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| January | Cromwell | Minnesota |
|---|---|---|
| 2017 | $158,000 | $217,000 |
| 2018 | $164,000 | $232,000 |
| 2019 | $168,000 | $246,000 |
| 2020 | $178,000 | $259,000 |
| 2021 | $199,000 | $282,000 |
| 2022 | $218,000 | $313,000 |
| 2023 | $230,000 | $325,000 |
| 2024 | $240,000 | $331,000 |
| 2025 | $242,000 | $341,000 |
| 2026 | $254,000 | $349,000 |
| August 2026 | $254,000 | $351,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Cromwell in 2025. Over the past 10 years, Cromwell has permitted 11 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $350,000 |
| 2024 | 2 | 2 | 0 | $445,000 |
| 2023 | 2 | 2 | 0 | $606,000 |
| 2022 | 1 | 1 | 0 | $10,000 |
| 2021 | 5 | 3 | 2 | $953,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $40,000 |
| 2013 | 1 | 1 | 0 | $40,000 |
| 2012 | 1 | 1 | 0 | $360,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 4 | 4 | 0 | $596,000 |
| 2005 | 2 | 2 | 0 | $276,000 |
| 2004 | 3 | 3 | 0 | $389,000 |
| 2003 | 3 | 3 | 0 | $369,000 |
| 2002 | 1 | 1 | 0 | $116,000 |
| 2001 | 2 | 2 | 0 | $224,000 |
| 2000 | 1 | 1 | 0 | $80,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
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 $1,140
HUD's Fair Market Rent for a two-bedroom in Cromwell is $1,140 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cromwell pay a median of $463, so moving in tends to cost more than staying put.
Studio $790 · 4 bedrooms $1,910
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55726; 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, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.