Iona, MN housing market
Home prices around Iona have risen about 51% over the past 5 years.
Home values, sales, trends and how Iona compares with the towns next door — updated as new data is published.
Home prices up 51% in 5 years
The federal house price index for the ZIP codes around Iona rose 51% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 0.7%.
Show as a table
| Year | Change that year | Since 2002 | Minnesota since 2002 |
|---|---|---|---|
| 2025 | −0.7% | +113% | +92% |
| 2024 | +7.7% | +115% | +87% |
| 2023 | +5.1% | +100% | +80% |
| 2022 | +23% | +90% | +73% |
| 2021 | +8.8% | +54% | +54% |
| 2020 | +5.6% | +42% | +41% |
| 2019 | +5% | +34% | +37% |
| 2018 | +8.2% | +28% | +31% |
| 2017 | +1.3% | +18% | +24% |
| 2016 | +6.7% | +17% | +17% |
| 2015 | −3.9% | +9.2% | +12% |
| 2014 | +5.1% | +14% | +8.5% |
| 2013 | +0.9% | +8.2% | +2.6% |
| 2012 | −4.8% | +7.2% | −1.3% |
| 2011 | −1.8% | +13% | +0.1% |
| 2010 | −9% | +15% | +5.9% |
| 2009 | −4.3% | +26% | +13% |
| 2008 | +0.5% | +32% | +20% |
| 2007 | +2.4% | +31% | +26% |
| 2006 | +8.3% | +28% | +27% |
| 2005 | +5.9% | +18% | +23% |
| 2004 | +5.8% | +12% | +14% |
| 2003 | +5.4% | +5.4% | +4.7% |
| 2002 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56440, 56438, 56347, covering 55% of Iona’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.
Iona and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Iona | −0.7%† | $980 | $65,000 |
| Reynolds | +3.5%† | $1,040 | $62,500 |
| Hartford | −0.6%† | $1,000 | $93,854 |
† 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 $980
HUD's Fair Market Rent for a two-bedroom in Iona is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Iona pay a median of $850, so moving in tends to cost more than staying put.
Studio $750 · 4 bedrooms $1,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56347, 56438, 56440; Todd 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.