Freeland, MN housing market
Home prices around Freeland have risen about 51% over the past 5 years.
Home values, sales, trends and how Freeland compares with the towns next door — updated as new data is published.
Home prices up 51% in 5 years
The federal house price index for the ZIP codes around Freeland rose 51% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 2.8%.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | −2.8% | +157% | +107% |
| 2024 | +9.5% | +165% | +102% |
| 2023 | +19% | +142% | +95% |
| 2022 | +7.2% | +103% | +87% |
| 2021 | +11% | +89% | +66% |
| 2020 | +3% | +70% | +52% |
| 2019 | +2.9% | +65% | +48% |
| 2018 | +5.4% | +61% | +42% |
| 2017 | +4.7% | +52% | +34% |
| 2016 | −1.2% | +46% | +27% |
| 2015 | +2.5% | +47% | +21% |
| 2014 | +8.1% | +44% | +17% |
| 2013 | +13% | +33% | +11% |
| 2012 | −0.4% | +18% | +6.4% |
| 2011 | −10% | +18% | +8% |
| 2010 | +1.9% | +31% | +14% |
| 2009 | −4.1% | +29% | +22% |
| 2008 | −0.7% | +34% | +30% |
| 2007 | +10% | +35% | +36% |
| 2006 | +3.6% | +23% | +37% |
| 2005 | +4.4% | +18% | +33% |
| 2004 | −1.3% | +14% | +23% |
| 2003 | +11% | +15% | +13% |
| 2002 | +3.5% | +3.5% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56220, 56256, 56257, covering 72% of Freeland’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.
Freeland and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Freeland | −2.8%† | $1,010 | — |
| Manfred | −2.8%† | $990 | — |
| Hammer | −2.8%† | $970 | $71,184 |
† 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 Freeland is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $700 · 4 bedrooms $1,490
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56220, 56256, 56257; Lac qui Parle 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.