A typical Fergus Falls home is worth roughly $231,000
Homes typically sell in 7 days, a little above asking.
What kind of housing town is Fergus Falls?
Read from the numbers below. The page puts what stands out first.
A typical home costs 4.1 years of income
More than across Minnesota (3.7 years). Try your own numbers below.
That’s $13K short of a typical Fergus Falls home.
A two-bedroom rents for about $990 a month here, $400 less than owning.
How Fergus Falls ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Fergus Falls’s typical property tax (0.90% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A seller's market
Supply is tight — about 2.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
3 of Fergus Falls’s houses are on the National Register
Half of Fergus Falls’s homes were built before 1975.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Home prices up 45% in 5 years
The federal house price index for the ZIP code around Fergus Falls rose 45% over the past 5 years, faster than across Minnesota (37%). Prices were about flat last year. Carrying the Census median home value forward with that index puts the typical Fergus Falls home at roughly $231,000 today.
Carrying the Census median forward with the index puts a typical home at about $231K.
How Fergus Falls ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Fergus Falls, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $990
Renters already here pay a median of $911.
Fair Market Rent a month, utilities included
How Fergus Falls ranks on rent that’s easy to afford →
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Grant County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
20 new homes permitted in 2025
Builders were permitted 20 new homes in Fergus Falls in 2025: 10 single-family houses and 10 in buildings with two or more homes, worth about $6 million to build. That's 1.4 per 1,000 residents, slower than across Minnesota (3.8). Over the past 10 years, Fergus Falls has permitted 234 homes in all.
Between the 2010 and 2020 censuses, Fergus Falls gained 981 residents while 309 new homes were permitted: about 3.2 new residents per new home. Building and growth moved roughly in step. Across Minnesota: 2.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 14 | 6 | 8 | $3.8 million |
| 2025 | 20 | 10 | 10 | $6 million |
| 2024 | 4 | 4 | 0 | $1.5 million |
| 2023 | 27 | 21 | 6 | $8.1 million |
| 2022 | 34 | 6 | 28 | $7.1 million |
| 2021 | 15 | 5 | 10 | $4.4 million |
| 2020 | 26 | 12 | 14 | $6.6 million |
| 2019 | 17 | 17 | 0 | $4.2 million |
| 2018 | 7 | 7 | 0 | $2.2 million |
| 2017 | 8 | 6 | 2 | $1.9 million |
| 2016 | 76 | 16 | 60 | $8.8 million |
| 2015 | 61 | 14 | 47 | $6 million |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 7 | 7 | 0 | $1.6 million |
| 2012 | 50 | 4 | 46 | $3.9 million |
| 2011 | 76 | 7 | 69 | $6.1 million |
| 2010 | 7 | 7 | 0 | $1.2 million |
| 2009 | 7 | 7 | 0 | $757,000 |
| 2008 | 11 | 9 | 2 | $1.7 million |
| 2007 | 17 | 17 | 0 | $3.5 million |
| 2006 | 58 | 34 | 24 | $8 million |
| 2005 | 86 | 36 | 50 | $4.2 million |
| 2004 | 98 | 49 | 49 | $10.8 million |
| 2003 | 52 | 46 | 6 | $6.8 million |
| 2002 | 47 | 39 | 8 | $5.3 million |
| 2001 | 37 | 37 | 0 | $3.9 million |
| 2000 | 51 | 51 | 0 | $6.1 million |
How Fergus Falls ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Fergus Falls vs. its neighbors
Fergus Falls is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Fergus Falls
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Fergus Falls buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. 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. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.