Hill, MN housing market
The typical Hill home is worth about $190,000, up 1.2% in a year, 46% below the Minnesota typical home.
Home values, sales, trends and how Hill compares with the towns next door — updated as new data is published.
Hill at a glance
Typical home value, 2016–2026
Show as a table
| January | Hill | Minnesota |
|---|---|---|
| 2017 | $119,000 | $217,000 |
| 2018 | $130,000 | $232,000 |
| 2019 | $143,000 | $246,000 |
| 2020 | $152,000 | $259,000 |
| 2021 | $161,000 | $282,000 |
| 2022 | $169,000 | $313,000 |
| 2023 | $176,000 | $325,000 |
| 2024 | $177,000 | $331,000 |
| 2025 | $185,000 | $341,000 |
| 2026 | $189,000 | $349,000 |
| August 2026 | $190,000 | $351,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Hill in 2025. Over the past 10 years, Hill has permitted 6 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hill's population fell by 20 even though 6 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 33% of Hill's homes are seasonal or vacation homes, which adds housing without adding residents. 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) | 1 | 1 | 0 | $321,000 |
| 2025 | 1 | 1 | 0 | $342,000 |
| 2024 | 2 | 2 | 0 | $641,000 |
| 2023 | 1 | 1 | 0 | $303,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $95,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $150,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 4 | 4 | 0 | $350,000 |
| 2009 | 4 | 0 | 4 | $280,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $150,000 |
| 2006 | 2 | 2 | 0 | $235,000 |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 1 | 1 | 0 | $60,000 |
| 2001 | 1 | 1 | 0 | $50,000 |
| 2000 | 1 | 1 | 0 | $50,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
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 $990
HUD's Fair Market Rent for a two-bedroom in Hill is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hill pay a median of $522, so moving in tends to cost more than staying put.
Studio $740 · 4 bedrooms $1,480
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55748; Aitkin 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.
Recent listings in Hill
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.