Red Eye, MN housing market
Home prices around Red Eye have risen about 54% over the past 5 years.
Home values, sales, trends and how Red Eye compares with the towns next door — updated as new data is published.
Home prices up 54% in 5 years
The federal house price index for the ZIP codes around Red Eye rose 54% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 5.8%.
Show as a table
| Year | Change that year | Since 2003 | Minnesota since 2003 |
|---|---|---|---|
| 2025 | +5.8% | +139% | +84% |
| 2024 | +25% | +126% | +79% |
| 2023 | −5.4% | +81% | +72% |
| 2022 | +20% | +91% | +65% |
| 2021 | +2.5% | +59% | +47% |
| 2020 | +8.2% | +55% | +34% |
| 2019 | +13% | +43% | +31% |
| 2018 | −1.9% | +27% | +26% |
| 2017 | +13% | +29% | +19% |
| 2016 | −10% | +14% | +12% |
| 2015 | +6.3% | +27% | +7.2% |
| 2014 | +4.7% | +20% | +3.7% |
| 2013 | +0.7% | +14% | −1.9% |
| 2012 | −4.7% | +14% | −5.7% |
| 2011 | −1.5% | +19% | −4.3% |
| 2010 | −2.8% | +21% | +1.2% |
| 2009 | −5.6% | +24% | +7.7% |
| 2008 | −1.4% | +32% | +15% |
| 2007 | −3.1% | +34% | +20% |
| 2006 | +14% | +38% | +21% |
| 2005 | +10% | +21% | +18% |
| 2004 | +9.7% | +9.7% | +8.8% |
| 2003 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56477, 56464, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Red Eye and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Red Eye | — | +5.8%† | $1,080 | — | $72,000 |
| Meadow | — | +3.7%† | $1,070 | — | $52,569 |
| Sebeka | $258K | +3.2% | $1,090 | 0 | $39,000 |
| Paddock | — | +11%† | $1,080 | — | $73,750 |
| Blueberry | — | −3.9%† | $1,050 | — | $94,250 |
† 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 $1,080
HUD's Fair Market Rent for a two-bedroom in Red Eye is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Red Eye pay a median of $925, so moving in tends to cost more than staying put.
Studio $740 · 4 bedrooms $1,470
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56464, 56477; Becker 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.