Lowell, MN housing market
Home prices around Lowell have risen about 36% over the past 5 years.
Home values, sales, trends and how Lowell compares with the towns next door — updated as new data is published.
Home prices up 36% in 5 years
The federal house price index for the ZIP codes around Lowell rose 36% over the past 5 years, about the same as across Minnesota. Last year prices rose 2.2%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +2.2% | +177% | +127% |
| 2024 | +11% | +171% | +120% |
| 2023 | −4.6% | +143% | +113% |
| 2022 | +18% | +155% | +104% |
| 2021 | +5.8% | +116% | +82% |
| 2020 | +2.7% | +104% | +66% |
| 2019 | +2.4% | +99% | +61% |
| 2018 | +5.5% | +94% | +55% |
| 2017 | +3.7% | +84% | +46% |
| 2016 | −0.8% | +77% | +38% |
| 2015 | +6.7% | +79% | +32% |
| 2014 | +5.2% | +67% | +28% |
| 2013 | +7.4% | +59% | +21% |
| 2012 | +0.3% | +48% | +16% |
| 2011 | −2.8% | +48% | +18% |
| 2010 | +5.3% | +52% | +25% |
| 2009 | −5.8% | +44% | +33% |
| 2008 | +7.3% | +53% | +42% |
| 2007 | +6.1% | +43% | +48% |
| 2006 | +6.2% | +35% | +49% |
| 2005 | +9.2% | +27% | +45% |
| 2004 | +7.3% | +16% | +34% |
| 2003 | +0.7% | +8.1% | +23% |
| 2002 | +5.9% | +7.4% | +18% |
| 2001 | +1.4% | +1.4% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56716, 56723, covering 67% of Lowell’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.
Lowell and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lowell | — | +2.2%† | $1,080 | — | $101,827 |
| Crookston | — | +2.2%† | $1,030 | 1 | $57,315 |
| Fisher | $273K | +5.7% | $1,170 | — | $138,750 |
| Crookston | $190K | +4.1% | $1,030 | — | $107,500 |
| Andover | — | +2.2%† | $1,030 | — | $123,750 |
† 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 $1,080
HUD's Fair Market Rent for a two-bedroom in Lowell is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $860 · 4 bedrooms $1,810
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56716, 56723; Grand Forks, 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.