Forest Prairie, MN housing market
Home prices around Forest Prairie have risen about 70% over the past 5 years.
Home values, sales, trends and how Forest Prairie compares with the towns next door — updated as new data is published.
Home prices up 70% in 5 years
The federal house price index for the ZIP code around Forest Prairie rose 70% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 7.8%. Carrying the Census median home value forward with that index puts the typical Forest Prairie home at roughly $587,000 today.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +7.8% | +164% | +127% |
| 2024 | +5.7% | +145% | +120% |
| 2023 | +17% | +132% | +113% |
| 2022 | +14% | +99% | +104% |
| 2021 | +12% | +74% | +82% |
| 2020 | +6.3% | +56% | +66% |
| 2019 | +0.6% | +46% | +61% |
| 2018 | +9.9% | +46% | +55% |
| 2017 | +7.6% | +32% | +46% |
| 2016 | −2.6% | +23% | +38% |
| 2015 | +2.7% | +26% | +32% |
| 2014 | +11% | +23% | +28% |
| 2013 | +5.6% | +11% | +21% |
| 2012 | −6.5% | +4.8% | +16% |
| 2011 | −1.5% | +12% | +18% |
| 2010 | −13% | +14% | +25% |
| 2009 | −2.1% | +30% | +33% |
| 2008 | −3.5% | +33% | +42% |
| 2007 | −1.4% | +38% | +48% |
| 2006 | −2.6% | +40% | +49% |
| 2005 | +20% | +44% | +45% |
| 2004 | +6.7% | +19% | +34% |
| 2003 | +4.9% | +12% | +23% |
| 2002 | +11% | +6.7% | +18% |
| 2001 | −3.9% | −3.9% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 55389, 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.
Forest Prairie and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2014 | Median income |
|---|---|---|---|---|
| Forest Prairie | +7.8%† | $1,040 | — | $107,981 |
| Luxemburg | +7.6%† | $1,070 | — | $97,000 |
| Maine Prairie | +9.5%† | $1,100 | 0 | $100,313 |
| Forest City | +5%† | $1,030 | — | $96,875 |
| Kingston | +7.1%† | $1,260 | — | $84,861 |
† FHFA price index change, where Zillow has no home value for the town.
3 years of income
The typical Forest Prairie home costs about 3 years of the town's median household income, less 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 $1,040
HUD's Fair Market Rent for a two-bedroom in Forest Prairie is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Forest Prairie pay a median of $838, so moving in tends to cost more than staying put. A two-bedroom takes about 12% of the town's median household income.
Studio $780 · 4 bedrooms $1,620
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55389; St. Cloud, 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.