Pease, MN housing market
The median sale price was $320,000 in March 2026.
Home values, sales, trends and how Pease compares with the towns next door — updated as new data is published.
Pease at a glance
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
1 new home permitted in 2025
Builders were permitted 1 new home in Pease in 2025. Over the past 10 years, Pease has permitted 7 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $367,000 |
| 2024 | 2 | 0 | 2 | $587,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 2 | 0 | 2 | $880,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 2 | 0 | 2 | $400,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 6 | 6 | 0 | $585,000 |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 5 | 1 | 4 | $346,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
A two-bedroom rents for about $1,310
HUD's Fair Market Rent for a two-bedroom in Pease is $1,310 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $990 · 4 bedrooms $2,200
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56363; Mille Lacs County, MN HUD Metro FMR Area), 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, March 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.