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Housing in Hillman

Homes in Hillman

Home prices around Hillman have risen about 55% over the past 5 years. No new homes were permitted in 2025.

2-bedroom rent
$1,240
a month, utilities in · HUD
Price trend

Home prices up 55% in 5 years

The federal house price index for the ZIP code around Hillman rose 55% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 0.7%.

Hillman areaMinnesota
0%+50%+100%+150%+200%200120052010201520202025
−0.7%
past year
+55%
past 5 years
+109%
past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Hillman, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,240

Fair Market Rent a month, utilities included

Studio$850
1 bedroom$960
2 bedrooms$1,240
3 bedrooms$1,700
4 bedrooms$1,840

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Mille Lacs County, MN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

New construction

No new homes permitted in 2025

No permits for new homes were issued in Hillman in 2025. The last year with any was 2004 (1 new home).

Single-family
01 200020052010201520202025
0
new homes permitted in 2025
0
2026 so far (Jan–Aug)
0
homes in the past 10 years
Every year as a table
YearNew homesSingle-family2+ per buildingValue
2026 (Jan–Aug)000—
2025000—
2024000—
2023000—
2022000—
2021000—
2020000—
2019000—
2018000—
2017000—
2016000—
2015000—
2014000—
2013000—
2012000—
2011000—
2010000—
2009000—
2008000—
2007000—
2006000—
2005000—
2004110$200,000
2003110$200,000
2002110$200,000
2001110$200,000
2000110$200,000

Hillman's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.

Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.

On the market in Hillman

Listed in the past 60 days. Each opens on the listing site.

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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. The calculator is an estimate, not a loan offer.

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