Rice, MN housing market
The typical Rice home is worth about $351,000, up 2.2% in a year, close to the Minnesota typical home.
Home values, sales, trends and how Rice compares with the towns next door — updated as new data is published.
Rice at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Rice | Minnesota |
|---|---|---|
| 2017 | $200,000 | $217,000 |
| 2018 | $213,000 | $232,000 |
| 2019 | $221,000 | $246,000 |
| 2020 | $234,000 | $259,000 |
| 2021 | $258,000 | $282,000 |
| 2022 | $295,000 | $313,000 |
| 2023 | $310,000 | $325,000 |
| 2024 | $326,000 | $331,000 |
| 2025 | $339,000 | $341,000 |
| 2026 | $350,000 | $349,000 |
| August 2026 | $351,000 | $351,000 |
11 new homes permitted in 2025
Builders were permitted 11 new homes in Rice in 2025, all single-family houses, worth about $2.1 million to build. That's 5.3 per 1,000 residents, faster than across Minnesota (3.8). Over the past 10 years, Rice has permitted 145 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Rice gained 700 residents while 65 new homes were permitted: about 11 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. 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) | 5 | 5 | 0 | $968,000 |
| 2025 | 11 | 11 | 0 | $2.1 million |
| 2024 | 9 | 9 | 0 | $2.2 million |
| 2023 | 8 | 8 | 0 | $400,000 |
| 2022 | 23 | 23 | 0 | $4.4 million |
| 2021 | 27 | 27 | 0 | $5.6 million |
| 2020 | 38 | 30 | 8 | $6.3 million |
| 2019 | 9 | 9 | 0 | $1.5 million |
| 2018 | 9 | 9 | 0 | $1.5 million |
| 2017 | 9 | 9 | 0 | $1.5 million |
| 2016 | 2 | 2 | 0 | $335,000 |
| 2015 | 3 | 3 | 0 | $465,000 |
| 2014 | 8 | 8 | 0 | $1.1 million |
| 2013 | 4 | 4 | 0 | $510,000 |
| 2012 | 7 | 7 | 0 | $839,000 |
| 2011 | 6 | 6 | 0 | $719,000 |
| 2010 | 8 | 8 | 0 | $958,000 |
| 2009 | 11 | 11 | 0 | $1.3 million |
| 2008 | 4 | 4 | 0 | $470,000 |
| 2007 | 10 | 10 | 0 | $1.4 million |
| 2006 | 93 | 93 | 0 | $12.1 million |
| 2005 | 69 | 69 | 0 | $9.6 million |
| 2004 | 29 | 29 | 0 | $4.1 million |
| 2003 | 53 | 53 | 0 | $6.6 million |
| 2002 | 46 | 46 | 0 | $5.7 million |
| 2001 | 13 | 13 | 0 | $1.5 million |
| 2000 | 11 | 11 | 0 | $964,000 |
Rice's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Rice and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Rice | $351K | +2.2% | $1,260 | 11 | $107,692 |
| Langola | — | +2.8%† | $1,210 | — | $114,167 |
| Brockway | — | +3.5%† | $1,250 | — | $116,250 |
| Watab | — | +3.8%† | $1,340 | — | $99,018 |
† FHFA price index change, where Zillow has no home value for the town.
3.3 years of income
The typical Rice home costs about 3.3 years of the town's median household income, less than across Minnesota (3.9 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,260
HUD's Fair Market Rent for a two-bedroom in Rice is $1,260 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Rice pay a median of $1,144, so moving in tends to cost more than staying put. A two-bedroom takes about 14% of the town's median household income.
Studio $910 · 4 bedrooms $1,960
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56367; St. Cloud, 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.
Recent listings in Rice
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.