Springwater, MN housing market
Home prices around Springwater have risen about 49% over the past 5 years.
Home values, sales, trends and how Springwater compares with the towns next door — updated as new data is published.
Home prices up 49% in 5 years
The federal house price index for the ZIP codes around Springwater rose 49% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 10%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +10% | +199% | +127% |
| 2024 | +2.4% | +172% | +120% |
| 2023 | +5.5% | +165% | +113% |
| 2022 | +18% | +152% | +104% |
| 2021 | +6.3% | +113% | +82% |
| 2020 | +2.8% | +101% | +66% |
| 2019 | +4.7% | +95% | +61% |
| 2018 | +6.4% | +86% | +55% |
| 2017 | +8.4% | +75% | +46% |
| 2016 | +1.9% | +61% | +38% |
| 2015 | +5.8% | +58% | +32% |
| 2014 | +3.9% | +50% | +28% |
| 2013 | +2.5% | +44% | +21% |
| 2012 | +2% | +41% | +16% |
| 2011 | −2.3% | +38% | +18% |
| 2010 | +1.4% | +41% | +25% |
| 2009 | +0.3% | +39% | +33% |
| 2008 | +2.7% | +39% | +42% |
| 2007 | +3.2% | +35% | +48% |
| 2006 | +4.2% | +31% | +49% |
| 2005 | +8.3% | +26% | +45% |
| 2004 | +4.9% | +16% | +34% |
| 2003 | +1.5% | +11% | +23% |
| 2002 | +1% | +9.2% | +18% |
| 2001 | +8.1% | +8.1% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56156, 56144, 57030, 56116, 56134, covering 63% of Springwater’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.
Springwater and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Springwater | +10.1%† | $980 | $103,333 |
| Mound | +9.3%† | $980 | $88,750 |
| Palisade | +11.7%† | $970 | $113,958 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Springwater is $980 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $720 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56116, 56134, 56144, 56156, 57030; Rock County, 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. 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.