Foster, MN housing market
Home prices around Foster have risen about 48% over the past 5 years.
Home values, sales, trends and how Foster compares with the towns next door — updated as new data is published.
Home prices up 48% in 5 years
The federal house price index for the ZIP codes around Foster rose 48% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 5.1%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +5.1% | +115% | +127% |
| 2024 | +2.6% | +105% | +120% |
| 2023 | +6.5% | +100% | +113% |
| 2022 | +10% | +88% | +104% |
| 2021 | +17% | +70% | +82% |
| 2020 | −4.8% | +46% | +66% |
| 2019 | +5.4% | +53% | +61% |
| 2018 | +7.6% | +45% | +55% |
| 2017 | +3.3% | +35% | +46% |
| 2016 | +1.5% | +31% | +38% |
| 2015 | +3.2% | +29% | +32% |
| 2014 | −2.8% | +25% | +28% |
| 2013 | +8.5% | +28% | +21% |
| 2012 | −1% | +18% | +16% |
| 2011 | −0.4% | +20% | +18% |
| 2010 | −5% | +20% | +25% |
| 2009 | +0.8% | +26% | +33% |
| 2008 | −0.9% | +25% | +42% |
| 2007 | +7% | +27% | +48% |
| 2006 | −15% | +18% | +49% |
| 2005 | +20% | +39% | +45% |
| 2004 | +3.6% | +15% | +34% |
| 2003 | +3.9% | +11% | +23% |
| 2002 | −3.1% | +7.1% | +18% |
| 2001 | +11% | +11% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56097, 56014, 56009, covering 88% of Foster’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.
Foster and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Foster | — | +5.1%† | $980 | $99,688 |
| Kiester | $105K | +3.2% | $1,300 | $67,500 |
| Clark | — | +4.6%† | $970 | $105,313 |
| Alden | $161K | +9.3% | $1,180 | $74,286 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Foster is $980 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $680 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56009, 56014, 56097; Faribault County, MN), 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.