Lorain, MN housing market
Home prices around Lorain have risen about 59% over the past 5 years.
Home values, sales, trends and how Lorain compares with the towns next door — updated as new data is published.
Home prices up 59% in 5 years
The federal house price index for the ZIP codes around Lorain rose 59% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 4.6%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +4.6% | +209% | +127% |
| 2024 | +12% | +195% | +120% |
| 2023 | +6.5% | +164% | +113% |
| 2022 | +15% | +148% | +104% |
| 2021 | +11% | +115% | +82% |
| 2020 | −0.5% | +94% | +66% |
| 2019 | +3% | +95% | +61% |
| 2018 | +13% | +89% | +55% |
| 2017 | −0.1% | +67% | +46% |
| 2016 | +6.7% | +67% | +38% |
| 2015 | −0.5% | +57% | +32% |
| 2014 | +0.5% | +58% | +28% |
| 2013 | +4.4% | +57% | +21% |
| 2012 | +7.2% | +50% | +16% |
| 2011 | −1.2% | +40% | +18% |
| 2010 | −0.6% | +42% | +25% |
| 2009 | −1.3% | +43% | +33% |
| 2008 | −2% | +44% | +42% |
| 2007 | +7.3% | +47% | +48% |
| 2006 | +7.4% | +37% | +49% |
| 2005 | +5% | +28% | +45% |
| 2004 | +8.5% | +22% | +34% |
| 2003 | +0.9% | +12% | +23% |
| 2002 | +3.4% | +11% | +18% |
| 2001 | +7.7% | +7.7% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56187, 56119, covering 70% of Lorain’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.
Lorain and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lorain | — | +4.6%† | $1,070 | — | $108,500 |
| Worthington | — | +4.6%† | $1,070 | 90 | $61,797 |
| Worthington | $249K | +6.1% | $1,070 | — | $121,250 |
| Indian Lake | — | +4.6%† | $1,070 | — | $74,375 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Lorain is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $740 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56119, 56187; Jackson 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.