Green Isle, MN housing market
Home prices around Green Isle have risen about 30% over the past 5 years. Builders were permitted 7 new homes in 2025.
Home values, sales, trends and how Green Isle compares with the towns next door — updated as new data is published.
Home prices up 30% in 5 years
The federal house price index for the ZIP code around Green Isle rose 30% over the past 5 years, slower than across Minnesota (37%). Last year prices fell 11%.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | −11% | +58% | +107% |
| 2024 | +22% | +77% | +102% |
| 2023 | −4.7% | +45% | +95% |
| 2022 | +22% | +52% | +87% |
| 2021 | +2.7% | +25% | +66% |
| 2020 | +6.8% | +22% | +52% |
| 2019 | −1.5% | +14% | +48% |
| 2018 | +0.9% | +16% | +42% |
| 2017 | +14% | +15% | +34% |
| 2016 | +2.7% | 0% | +27% |
| 2015 | +19% | −2.6% | +21% |
| 2014 | −11% | −18% | +17% |
| 2013 | +2% | −7.9% | +11% |
| 2012 | −8.6% | −9.7% | +6.4% |
| 2011 | −0.6% | −1.2% | +8% |
| 2010 | −10% | −0.6% | +14% |
| 2009 | −5.7% | +11% | +22% |
| 2008 | −9.4% | +18% | +30% |
| 2007 | −1.3% | +30% | +36% |
| 2006 | +6.5% | +32% | +37% |
| 2005 | +8.2% | +24% | +33% |
| 2004 | +3.1% | +14% | +23% |
| 2003 | +8.9% | +11% | +13% |
| 2002 | +1.9% | +1.8% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 55338, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
7 new homes permitted in 2025
Builders were permitted 7 new homes in Green Isle in 2025, all single-family houses, worth about $1.8 million to build. Over the past 10 years, Green Isle has permitted 71 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Green Isle gained 32 residents while 9 new homes were permitted: about 3.6 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 5 | 0 | $1.3 million |
| 2025 | 7 | 7 | 0 | $1.8 million |
| 2024 | 10 | 10 | 0 | $3 million |
| 2023 | 13 | 13 | 0 | $3.9 million |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 25 | 25 | 0 | $5.6 million |
| 2020 | 7 | 7 | 0 | $1.5 million |
| 2019 | 3 | 3 | 0 | $675,000 |
| 2018 | 3 | 3 | 0 | $675,000 |
| 2017 | 2 | 2 | 0 | $270,000 |
| 2016 | 1 | 1 | 0 | $135,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $110,000 |
| 2006 | 5 | 5 | 0 | $832,000 |
| 2005 | 19 | 17 | 2 | $2.6 million |
| 2004 | 25 | 25 | 0 | $3 million |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 14 | 14 | 0 | $1.6 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Green Isle and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Green Isle | — | −11.1%† | $1,520 | 7 | $88,333 |
| Washington Lake | — | −8.9%† | $1,520 | — | $101,875 |
| Green Isle | $321K | +3.8% | $1,250 | — | $88,750 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in Green Isle is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Green Isle pay a median of $1,725.
Studio $1,100 · 4 bedrooms $2,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55338; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), 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. 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. Listings link to their publishers.