Grace, MN housing market
Home prices around Grace have risen about 70% over the past 5 years.
Home values, sales, trends and how Grace 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 codes around Grace rose 70% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 2.3%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +2.3% | +178% | +127% |
| 2024 | +11% | +172% | +120% |
| 2023 | +11% | +146% | +113% |
| 2022 | +17% | +120% | +104% |
| 2021 | +15% | +89% | +82% |
| 2020 | −1.9% | +64% | +66% |
| 2019 | +12% | +67% | +61% |
| 2018 | +4.6% | +50% | +55% |
| 2017 | +2.4% | +43% | +46% |
| 2016 | +5.7% | +40% | +38% |
| 2015 | −2.2% | +32% | +32% |
| 2014 | −0.3% | +35% | +28% |
| 2013 | +7.8% | +36% | +21% |
| 2012 | −0.5% | +26% | +16% |
| 2011 | −1.1% | +26% | +18% |
| 2010 | −3.5% | +28% | +25% |
| 2009 | −0.3% | +33% | +33% |
| 2008 | 0% | +33% | +42% |
| 2007 | +3.9% | +33% | +48% |
| 2006 | +8.3% | +28% | +49% |
| 2005 | +2.3% | +18% | +45% |
| 2004 | +6.2% | +15% | +34% |
| 2003 | +0.1% | +8.7% | +23% |
| 2002 | +4.7% | +8.6% | +18% |
| 2001 | +3.7% | +3.7% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56265, 56260, 56271, covering 62% of Grace’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.
Grace and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Grace | +2.3%† | $970 | $90,893 |
| Cashel | −3%† | $1,030 | $17,077 |
| Mandt | +2.3%† | $970 | $107,813 |
| Havelock | +2.3%† | $970 | $115,625 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Grace is $970 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $670 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56260, 56265, 56271; Chippewa 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.