Kragnes, MN housing market
Home prices around Kragnes have risen about 35% over the past 5 years.
Home values, sales, trends and how Kragnes compares with the towns next door — updated as new data is published.
Home prices up 35% in 5 years
The federal house price index for the ZIP codes around Kragnes rose 35% over the past 5 years, about the same as across Minnesota. Last year prices rose 4%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +4% | +164% | +127% |
| 2024 | +4.4% | +153% | +120% |
| 2023 | +5.5% | +143% | +113% |
| 2022 | +10% | +130% | +104% |
| 2021 | +6.9% | +109% | +82% |
| 2020 | +1.4% | +95% | +66% |
| 2019 | +0.6% | +93% | +61% |
| 2018 | +2.1% | +92% | +55% |
| 2017 | +3.5% | +88% | +46% |
| 2016 | +5.7% | +82% | +38% |
| 2015 | +6.7% | +72% | +32% |
| 2014 | +7.2% | +61% | +28% |
| 2013 | +3.6% | +50% | +21% |
| 2012 | +2.7% | +45% | +16% |
| 2011 | −3.3% | +41% | +18% |
| 2010 | +0.9% | +46% | +25% |
| 2009 | +0.8% | +45% | +33% |
| 2008 | 0% | +43% | +42% |
| 2007 | +1.7% | +43% | +48% |
| 2006 | +2.6% | +41% | +49% |
| 2005 | +8.5% | +38% | +45% |
| 2004 | +9.7% | +27% | +34% |
| 2003 | +4.2% | +16% | +23% |
| 2002 | +5.5% | +11% | +18% |
| 2001 | +5.1% | +5.1% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56560, 56546, covering 76% of Kragnes’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.
Kragnes and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Kragnes | — | +4%† | $1,200 | — | $104,792 |
| Harwood | $408K | +6.8% | $1,140 | 1 | $79,877 |
| Oakport | — | +3.9%† | $1,160 | — | $114,519 |
| Reed | — | +3.6%† | $1,140 | — | $130,938 |
| Fargo | $324K | +4.2% | $1,120 | 860 | $66,998 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,200
HUD's Fair Market Rent for a two-bedroom in Kragnes is $1,200 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $830 · 4 bedrooms $1,960
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56546, 56560; Fargo, ND-MN MSA), 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.