Ogema, MN housing market
Home prices around Ogema have risen about 62% over the past 5 years. No new homes were permitted in 2025.
Home values, sales, trends and how Ogema compares with the towns next door — updated as new data is published.
Home prices up 62% in 5 years
The federal house price index for the ZIP codes around Ogema rose 62% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 10%.
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| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | +10% | +106% | +107% |
| 2024 | +12% | +87% | +102% |
| 2023 | +1.5% | +67% | +95% |
| 2022 | +9.8% | +64% | +87% |
| 2021 | +17% | +49% | +66% |
| 2020 | +2.8% | +27% | +52% |
| 2019 | +6.4% | +24% | +48% |
| 2018 | +8.1% | +16% | +42% |
| 2017 | +11% | +7.6% | +34% |
| 2016 | +0.4% | −3% | +27% |
| 2015 | +4.8% | −3.4% | +21% |
| 2014 | +5.4% | −7.8% | +17% |
| 2013 | −8.5% | −13% | +11% |
| 2012 | −6.3% | −4.5% | +6.4% |
| 2011 | −1% | +2% | +8% |
| 2010 | −10% | +3% | +14% |
| 2009 | −13% | +15% | +22% |
| 2008 | +1.1% | +31% | +30% |
| 2007 | −0.9% | +30% | +36% |
| 2006 | −0.5% | +31% | +37% |
| 2005 | +12% | +32% | +33% |
| 2004 | +7.5% | +18% | +23% |
| 2003 | +2.1% | +9.9% | +13% |
| 2002 | +7.7% | +7.7% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55037, 55072, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
No new homes permitted in 2025
No permits for new homes were issued in Ogema in 2025. The last year with any was 2021 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 1 | 1 | 0 | $63,000 |
| 2020 | 4 | 4 | 0 | $250,000 |
| 2019 | 2 | 2 | 0 | $150,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $85,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $80,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Ogema and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Ogema | — | +10.2%† | $1,140 | 0 | $67,500 |
| Swiss | — | −2.6%† | $1,030 | — | $63,000 |
| Danbury | $311K | +1.2% | $1,030 | — | $40,625 |
| Clover | — | +8.6%† | $1,120 | 4 | $82,292 |
| Crosby | — | +8.6%† | $1,120 | — | $71,406 |
| Arna | — | +14.4%† | $1,200 | 5 | $44,375 |
| Wilma | — | +14.4%† | $1,200 | — | $72,000 |
† 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 $1,140
HUD's Fair Market Rent for a two-bedroom in Ogema is $1,140 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ogema pay a median of $807, so moving in tends to cost more than staying put.
Studio $860 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55037, 55072; Kanabec 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.