Hoffman, MN housing market
The typical Hoffman home is worth about $238,000, up 6.7% in a year, 32% below the Minnesota typical home.
Home values, sales, trends and how Hoffman compares with the towns next door — updated as new data is published.
Hoffman at a glance
Typical home value, 2019–2026
Show as a table
| January | Hoffman | Minnesota |
|---|---|---|
| 2020 | $151,000 | $259,000 |
| 2021 | $164,000 | $282,000 |
| 2022 | $196,000 | $313,000 |
| 2023 | $208,000 | $325,000 |
| 2024 | $206,000 | $331,000 |
| 2025 | $219,000 | $341,000 |
| 2026 | $232,000 | $349,000 |
| August 2026 | $238,000 | $351,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Hoffman in 2025. Over the past 10 years, Hoffman has permitted 6 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hoffman gained 17 residents while 6 new homes were permitted: about 2.8 new residents per new home. Building and growth moved roughly in step. 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) | 2 | 2 | 0 | $683,000 |
| 2025 | 1 | 1 | 0 | $342,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $273,000 |
| 2021 | 1 | 1 | 0 | $300,000 |
| 2020 | 1 | 1 | 0 | $238,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $180,000 |
| 2017 | 1 | 1 | 0 | $180,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $180,000 |
| 2012 | 1 | 1 | 0 | $173,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $320,000 |
| 2009 | 1 | 1 | 0 | $168,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 3 | 3 | 0 | $447,000 |
| 2005 | 2 | 2 | 0 | $276,000 |
| 2004 | 2 | 2 | 0 | $259,000 |
| 2003 | 1 | 1 | 0 | $123,000 |
| 2002 | 1 | 1 | 0 | $116,000 |
| 2001 | 1 | 1 | 0 | $112,000 |
| 2000 | 3 | 3 | 0 | $325,000 |
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 $970
HUD's Fair Market Rent for a two-bedroom in Hoffman is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hoffman pay a median of $866, so moving in tends to cost more than staying put.
Studio $670 · 4 bedrooms $1,630
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56339; Douglas 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, 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.