Esther, MN housing market
Home prices around Esther have risen about 28% over the past 5 years.
Home values, sales, trends and how Esther compares with the towns next door — updated as new data is published.
Home prices up 28% in 5 years
The federal house price index for the ZIP codes around Esther rose 28% over the past 5 years, slower than across Minnesota (37%). Last year prices rose 3.7%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +3.7% | +153% | +127% |
| 2024 | +3.6% | +144% | +120% |
| 2023 | +4.9% | +136% | +113% |
| 2022 | +8.5% | +125% | +104% |
| 2021 | +4.5% | +107% | +82% |
| 2020 | +0.8% | +98% | +66% |
| 2019 | +2.2% | +97% | +61% |
| 2018 | 0% | +92% | +55% |
| 2017 | +0.3% | +92% | +46% |
| 2016 | +6.3% | +92% | +38% |
| 2015 | +3.8% | +81% | +32% |
| 2014 | +8.9% | +74% | +28% |
| 2013 | +7.7% | +60% | +21% |
| 2012 | +3% | +48% | +16% |
| 2011 | −0.1% | +44% | +18% |
| 2010 | −1% | +44% | +25% |
| 2009 | +1.4% | +46% | +33% |
| 2008 | −0.8% | +44% | +42% |
| 2007 | +2.9% | +45% | +48% |
| 2006 | +7.4% | +41% | +49% |
| 2005 | +13% | +31% | +45% |
| 2004 | +6.7% | +16% | +34% |
| 2003 | +1.3% | +8.6% | +23% |
| 2002 | +3.5% | +7.1% | +18% |
| 2001 | +3.5% | +3.5% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56721, 56744, covering 90% of Esther’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.
Esther and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Esther | +3.7%† | $1,010 | $96,750 |
| Grand Forks | +3.7%† | $990 | $98,125 |
| Northland | +3.7%† | $990 | $84,375 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Esther is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $790 · 4 bedrooms $1,690
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56721, 56744; Grand Forks, ND-MN 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. 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.