Pepperton, MN housing market
Home prices around Pepperton have risen about 40% over the past 5 years.
Home values, sales, trends and how Pepperton compares with the towns next door — updated as new data is published.
Home prices up 40% in 5 years
The federal house price index for the ZIP codes around Pepperton rose 40% over the past 5 years, about the same as across Minnesota. Last year prices rose 8.2%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +8.2% | +136% | +127% |
| 2024 | +5.8% | +118% | +120% |
| 2023 | −0.9% | +106% | +113% |
| 2022 | +18% | +108% | +104% |
| 2021 | +4.7% | +77% | +82% |
| 2020 | +1.9% | +69% | +66% |
| 2019 | +5.5% | +66% | +61% |
| 2018 | −1.1% | +57% | +55% |
| 2017 | +5.3% | +59% | +46% |
| 2016 | −3.3% | +51% | +38% |
| 2015 | +12% | +56% | +32% |
| 2014 | −0.6% | +40% | +28% |
| 2013 | +0.2% | +41% | +21% |
| 2012 | +4.2% | +40% | +16% |
| 2011 | −4.1% | +35% | +18% |
| 2010 | −2.5% | +40% | +25% |
| 2009 | +2.3% | +44% | +33% |
| 2008 | −0.3% | +41% | +42% |
| 2007 | +3.6% | +41% | +48% |
| 2006 | +3.1% | +36% | +49% |
| 2005 | +5% | +32% | +45% |
| 2004 | +8.8% | +26% | +34% |
| 2003 | +1.9% | +16% | +23% |
| 2002 | +6.3% | +14% | +18% |
| 2001 | +6.9% | +6.9% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56267, 56235, 56221, 56207, covering 55% of Pepperton’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.
Pepperton and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Pepperton | — | +8.2%† | $1,060 | — | $101,250 |
| Morris | $215K | +5% | $1,000 | — | $127,917 |
| Donnelly | — | — | $1,190 | 0 | $70,313 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,060
HUD's Fair Market Rent for a two-bedroom in Pepperton is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $730 · 4 bedrooms $1,780
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56207, 56221, 56235, 56267; Stevens 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.