Pleasant Grove, MN housing market
Home prices around Pleasant Grove have risen about 38% over the past 5 years. Builders were permitted 1 new home in 2025.
Home values, sales, trends and how Pleasant Grove compares with the towns next door — updated as new data is published.
Home prices up 38% in 5 years
The federal house price index for the ZIP codes around Pleasant Grove rose 38% over the past 5 years, about the same as across Minnesota. Last year prices rose 2.9%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +2.9% | +129% | +127% |
| 2024 | +4.2% | +123% | +120% |
| 2023 | +4.6% | +114% | +113% |
| 2022 | +12% | +104% | +104% |
| 2021 | +9.7% | +83% | +82% |
| 2020 | +2.8% | +66% | +66% |
| 2019 | +5.4% | +62% | +61% |
| 2018 | +6.2% | +54% | +55% |
| 2017 | +7.9% | +45% | +46% |
| 2016 | +5.2% | +34% | +38% |
| 2015 | +5.1% | +27% | +32% |
| 2014 | +1.8% | +21% | +28% |
| 2013 | +3.3% | +19% | +21% |
| 2012 | +0.8% | +15% | +16% |
| 2011 | −4% | +14% | +18% |
| 2010 | −3.2% | +19% | +25% |
| 2009 | −2.6% | +23% | +33% |
| 2008 | −0.6% | +26% | +42% |
| 2007 | +0.4% | +27% | +48% |
| 2006 | +0.9% | +27% | +49% |
| 2005 | +3.8% | +25% | +45% |
| 2004 | +5.3% | +21% | +34% |
| 2003 | +2.5% | +15% | +23% |
| 2002 | +4.3% | +12% | +18% |
| 2001 | +7.3% | +7.3% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55976, 55904, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
1 new home permitted in 2025
Builders were permitted 1 new home in Pleasant Grove in 2025. Over the past 10 years, Pleasant Grove has permitted 9 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Pleasant Grove's population fell by 55 even though 13 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $422,000 |
| 2025 | 1 | 1 | 0 | $422,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 2 | 2 | 0 | $896,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 1 | 1 | 0 | $594,000 |
| 2019 | 1 | 1 | 0 | $306,000 |
| 2018 | 1 | 1 | 0 | $110,000 |
| 2017 | 1 | 1 | 0 | $188,000 |
| 2016 | 2 | 2 | 0 | $490,000 |
| 2015 | 1 | 1 | 0 | $232,000 |
| 2014 | 1 | 1 | 0 | $433,000 |
| 2013 | 1 | 1 | 0 | $203,000 |
| 2012 | 2 | 2 | 0 | $541,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 3 | 3 | 0 | $697,000 |
| 2009 | 2 | 2 | 0 | $368,000 |
| 2008 | 2 | 2 | 0 | $580,000 |
| 2007 | 2 | 2 | 0 | $621,000 |
| 2006 | 5 | 5 | 0 | $1.2 million |
| 2005 | 8 | 8 | 0 | $591,000 |
| 2004 | 4 | 4 | 0 | $1 million |
| 2003 | 5 | 5 | 0 | $847,000 |
| 2002 | 2 | 2 | 0 | $268,000 |
| 2001 | 5 | 5 | 0 | $512,000 |
| 2000 | 1 | 1 | 0 | $146,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Pleasant Grove and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Pleasant Grove | +2.9%† | $1,280 | 1 | $77,000 |
| Orion | +3.7%† | $1,210 | 3 | $76,875 |
| Marion | +3.7%† | $1,390 | — | $116,797 |
| High Forest | +2.8%† | $1,300 | 1 | $108,558 |
† 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 $1,280
HUD's Fair Market Rent for a two-bedroom in Pleasant Grove is $1,280 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Pleasant Grove pay a median of $1,469.
Studio $1,010 · 4 bedrooms $2,150
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55904, 55976; Rochester, 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. 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.