Ranier, MN housing market
Home prices around Ranier have risen about 59% over the past 5 years. Builders were permitted 1 new home in 2025.
Home values, sales, trends and how Ranier compares with the towns next door — updated as new data is published.
Home prices up 59% in 5 years
The federal house price index for the ZIP codes around Ranier rose 59% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 7.6%.
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| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +7.6% | +147% | +127% |
| 2024 | +13% | +130% | +120% |
| 2023 | −4.6% | +104% | +113% |
| 2022 | +19% | +114% | +104% |
| 2021 | +15% | +79% | +82% |
| 2020 | −0.8% | +56% | +66% |
| 2019 | +1.6% | +57% | +61% |
| 2018 | +4.4% | +54% | +55% |
| 2017 | +1% | +48% | +46% |
| 2016 | +0.7% | +47% | +38% |
| 2015 | +6.8% | +46% | +32% |
| 2014 | −5.9% | +36% | +28% |
| 2013 | +3.1% | +45% | +21% |
| 2012 | +1.4% | +41% | +16% |
| 2011 | −0.4% | +39% | +18% |
| 2010 | −1% | +39% | +25% |
| 2009 | −8.1% | +41% | +33% |
| 2008 | +6.3% | +53% | +42% |
| 2007 | +2% | +44% | +48% |
| 2006 | +6.6% | +41% | +49% |
| 2005 | +7.4% | +32% | +45% |
| 2004 | +11% | +23% | +34% |
| 2003 | +1.1% | +12% | +23% |
| 2002 | +4.9% | +10% | +18% |
| 2001 | +5.2% | +5.2% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56649, 56668, covering 81% of Ranier’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.
1 new home permitted in 2025
Builders were permitted 1 new home in Ranier in 2025. Over the past 10 years, Ranier has permitted 5 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $321,000 |
| 2025 | 1 | 1 | 0 | $342,000 |
| 2024 | 1 | 1 | 0 | $321,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 2 | 2 | 0 | $200,000 |
| 2018 | 1 | 1 | 0 | $80,000 |
| 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 | 1 | 1 | 0 | $60,000 |
| 2007 | 1 | 1 | 0 | $50,000 |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 1 | 1 | 0 | $40,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 1 | 1 | 0 | $112,000 |
| 2000 | 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.
Ranier and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Ranier | — | +7.6%† | $1,020 | 1 | $87,375 |
| International Falls | $157K | +6.3% | $1,030 | 0 | $57,662 |
† 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 $1,020
HUD's Fair Market Rent for a two-bedroom in Ranier is $1,020 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $700 · 4 bedrooms $1,670
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56649, 56668; Duluth, MN-WI 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. 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.