Rhinehart, MN housing market
Home prices around Rhinehart have risen about 28% over the past 5 years.
Home values, sales, trends and how Rhinehart compares with the towns next door — updated as new data is published.
Home prices up 28% in 5 years
The federal house price index for the ZIP code around Rhinehart rose 28% over the past 5 years, slower than across Minnesota (37%). Last year prices rose 3.7%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +3.7% | +153% | +127% |
| 2024 | +3.6% | +144% | +120% |
| 2023 | +4.9% | +136% | +113% |
| 2022 | +8.5% | +125% | +104% |
| 2021 | +4.5% | +107% | +82% |
| 2020 | +0.8% | +98% | +66% |
| 2019 | +2.2% | +97% | +61% |
| 2018 | 0% | +92% | +55% |
| 2017 | +0.3% | +92% | +46% |
| 2016 | +6.3% | +92% | +38% |
| 2015 | +3.8% | +81% | +32% |
| 2014 | +8.9% | +74% | +28% |
| 2013 | +7.7% | +60% | +21% |
| 2012 | +3% | +48% | +16% |
| 2011 | −0.1% | +44% | +18% |
| 2010 | −1% | +44% | +25% |
| 2009 | +1.4% | +46% | +33% |
| 2008 | −0.8% | +44% | +42% |
| 2007 | +2.9% | +45% | +48% |
| 2006 | +7.4% | +41% | +49% |
| 2005 | +13% | +31% | +45% |
| 2004 | +6.7% | +16% | +34% |
| 2003 | +1.3% | +8.6% | +23% |
| 2002 | +3.5% | +7.1% | +18% |
| 2001 | +3.5% | +3.5% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 56721, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Rhinehart and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Rhinehart | — | +3.7%† | $990 | — | $115,227 |
| Grand Forks | — | +4.5%† | $1,110 | 96 | $63,627 |
| East Grand Forks | $298K | +6.4% | $990 | 4 | $77,549 |
| Grand Forks | $304K | +7.6% | $1,180 | — | $93,894 |
| Huntsville | — | +3.7%† | $990 | — | $120,568 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Rhinehart is $990 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $780 · 4 bedrooms $1,660
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56721; Grand Forks, ND-MN 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. 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.