Little Falls, MN housing market
Home prices around Little Falls have risen about 44% over the past 5 years. Builders were permitted 24 new homes in 2025.
Home values, sales, trends and how Little Falls compares with the towns next door — updated as new data is published.
Home prices up 44% in 5 years
The federal house price index for the ZIP code around Little Falls rose 44% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 1.7%. Carrying the Census median home value forward with that index puts the typical Little Falls home at roughly $234,000 today.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +1.7% | +136% | +127% |
| 2024 | +8% | +132% | +120% |
| 2023 | +5.3% | +115% | +113% |
| 2022 | +15% | +104% | +104% |
| 2021 | +8.2% | +77% | +82% |
| 2020 | +3.4% | +64% | +66% |
| 2019 | +3.9% | +58% | +61% |
| 2018 | +9.2% | +52% | +55% |
| 2017 | +2% | +40% | +46% |
| 2016 | +8.6% | +37% | +38% |
| 2015 | +1.8% | +26% | +32% |
| 2014 | +2.7% | +24% | +28% |
| 2013 | +2% | +21% | +21% |
| 2012 | −0.9% | +18% | +16% |
| 2011 | −7.2% | +19% | +18% |
| 2010 | −6.2% | +29% | +25% |
| 2009 | −3.4% | +37% | +33% |
| 2008 | −2.1% | +42% | +42% |
| 2007 | −1.7% | +45% | +48% |
| 2006 | +4% | +47% | +49% |
| 2005 | +7.6% | +42% | +45% |
| 2004 | +8.5% | +32% | +34% |
| 2003 | +2.3% | +21% | +23% |
| 2002 | +8.6% | +18% | +18% |
| 2001 | +9.1% | +9.1% | +9.2% |
| 2000 | — | — | — |
How Little Falls ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 56345, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
24 new homes permitted in 2025
Builders were permitted 24 new homes in Little Falls in 2025: 16 single-family houses and 8 in buildings with two or more homes, worth about $4.5 million to build. That's 2.6 per 1,000 residents, slower than across Minnesota (3.8). Over the past 10 years, Little Falls has permitted 244 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Little Falls gained 797 residents while 142 new homes were permitted: about 5.6 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Minnesota: 2.2 new residents per new home.
How Little Falls ranks on housing keeping up with growth →
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) | 16 | 12 | 4 | $3.7 million |
| 2025 | 24 | 16 | 8 | $4.5 million |
| 2024 | 76 | 7 | 69 | $21.3 million |
| 2023 | 65 | 11 | 54 | $12.4 million |
| 2022 | 9 | 9 | 0 | $2.6 million |
| 2021 | 14 | 14 | 0 | $3.9 million |
| 2020 | 13 | 13 | 0 | $2.9 million |
| 2019 | 10 | 6 | 4 | $2.1 million |
| 2018 | 9 | 9 | 0 | $2.1 million |
| 2017 | 8 | 8 | 0 | $1.7 million |
| 2016 | 16 | 8 | 8 | $2.7 million |
| 2015 | 47 | 3 | 44 | $6.3 million |
| 2014 | 20 | 4 | 16 | $2.8 million |
| 2013 | 15 | 7 | 8 | $1.9 million |
| 2012 | 5 | 3 | 2 | $607,000 |
| 2011 | 9 | 3 | 6 | $1.5 million |
| 2010 | 3 | 3 | 0 | $411,000 |
| 2009 | 31 | 5 | 26 | $3.6 million |
| 2008 | 6 | 6 | 0 | $983,000 |
| 2007 | 28 | 20 | 8 | $3.4 million |
| 2006 | 56 | 54 | 2 | $8.5 million |
| 2005 | 80 | 50 | 30 | $10.3 million |
| 2004 | 39 | 37 | 2 | $4.9 million |
| 2003 | 43 | 43 | 0 | $4.9 million |
| 2002 | 24 | 18 | 6 | $2.6 million |
| 2001 | 78 | 28 | 50 | $6.5 million |
| 2000 | 68 | 26 | 42 | $6 million |
How Little Falls ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Little Falls and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Little Falls | — | +1.7%† | $980 | 24 | $47,863 |
| Little Falls | $281K | +2.6% | $990 | — | $108,333 |
| Pike Creek | — | +1.7%† | $980 | — | $75,455 |
| Belle Prairie | — | +2%† | $980 | — | $85,000 |
| Green Prairie | — | +1.7%† | $980 | — | $74,464 |
† FHFA price index change, where Zillow has no home value for the town.
4.2 years of income
The typical Little Falls home costs about 4.2 years of the town's median household income, about the same as across Minnesota (3.9).
How Little Falls ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Little Falls is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Little Falls pay a median of $747, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $680 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56345; Morrison 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. 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.