Leaf River, MN housing market
Home prices around Leaf River have risen about 48% over the past 5 years.
Home values, sales, trends and how Leaf River compares with the towns next door — updated as new data is published.
Home prices up 48% in 5 years
The federal house price index for the ZIP codes around Leaf River rose 48% over the past 5 years, faster than across Minnesota (37%). Prices were about flat last year.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | −0.3% | +131% | +127% |
| 2024 | +11% | +132% | +120% |
| 2023 | +4.3% | +110% | +113% |
| 2022 | +12% | +101% | +104% |
| 2021 | +15% | +79% | +82% |
| 2020 | −3.1% | +56% | +66% |
| 2019 | +8.1% | +61% | +61% |
| 2018 | +3.9% | +49% | +55% |
| 2017 | +7.9% | +43% | +46% |
| 2016 | −3.7% | +33% | +38% |
| 2015 | +7.5% | +38% | +32% |
| 2014 | −2.6% | +28% | +28% |
| 2013 | +2.8% | +32% | +21% |
| 2012 | −6.7% | +28% | +16% |
| 2011 | −0.4% | +37% | +18% |
| 2010 | −0.4% | +38% | +25% |
| 2009 | −6.6% | +38% | +33% |
| 2008 | +4.9% | +48% | +42% |
| 2007 | −6.5% | +41% | +48% |
| 2006 | +13% | +51% | +49% |
| 2005 | +14% | +34% | +45% |
| 2004 | +3.7% | +17% | +34% |
| 2003 | +7% | +13% | +23% |
| 2002 | −0.2% | +5.4% | +18% |
| 2001 | +5.7% | +5.7% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56482, 56477, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Leaf River and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Leaf River | — | −0.3%† | $980 | — | $86,161 |
| Wadena | $213K | +3.8% | $980 | 38 | $56,080 |
| Wadena | — | −0.8%† | $980 | — | $79,063 |
| Rockwood | — | +9%† | $1,070 | — | $53,393 |
| Bluffton | — | +0.7%† | $1,000 | — | $85,063 |
† 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 Leaf River is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Leaf River pay a median of $1,335.
Studio $670 · 4 bedrooms $1,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56477, 56482; Otter Tail 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.