Swan Lake, MN housing market
Home prices around Swan Lake have risen about 43% over the past 5 years. Builders were permitted 2 new homes in 2025.
Home values, sales, trends and how Swan Lake compares with the towns next door — updated as new data is published.
Home prices up 43% in 5 years
The federal house price index for the ZIP codes around Swan Lake rose 43% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 8.2%.
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| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +8.2% | +143% | +127% |
| 2024 | +5.8% | +125% | +120% |
| 2023 | −0.9% | +113% | +113% |
| 2022 | +18% | +115% | +104% |
| 2021 | +7.4% | +83% | +82% |
| 2020 | +1.7% | +70% | +66% |
| 2019 | +6.1% | +67% | +61% |
| 2018 | −1.1% | +57% | +55% |
| 2017 | +5.3% | +59% | +46% |
| 2016 | −6.2% | +51% | +38% |
| 2015 | +14% | +61% | +32% |
| 2014 | +0.9% | +41% | +28% |
| 2013 | −0.3% | +40% | +21% |
| 2012 | +1.6% | +40% | +16% |
| 2011 | −3.7% | +38% | +18% |
| 2010 | −4.3% | +43% | +25% |
| 2009 | +4.1% | +49% | +33% |
| 2008 | −2.9% | +44% | +42% |
| 2007 | +5.7% | +48% | +48% |
| 2006 | +3.1% | +40% | +49% |
| 2005 | +6.9% | +36% | +45% |
| 2004 | +9.6% | +27% | +34% |
| 2003 | +1.9% | +16% | +23% |
| 2002 | +6.3% | +14% | +18% |
| 2001 | +6.9% | +6.9% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56267, 56343, 56235, 56323, covering 60% of Swan Lake’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.
2 new homes permitted in 2025
Builders were permitted 2 new homes in Swan Lake in 2025, all single-family houses. Over the past 10 years, Swan Lake has permitted 8 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $260,000 |
| 2025 | 2 | 2 | 0 | $520,000 |
| 2024 | 1 | 1 | 0 | $400,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 2 | 2 | 0 | $654,000 |
| 2021 | 2 | 2 | 0 | $530,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $500,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $235,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $45,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $190,000 |
| 2007 | 1 | 1 | 0 | $120,000 |
| 2006 | 1 | 1 | 0 | $230,000 |
| 2005 | 2 | 2 | 0 | $550,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 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.
Swan Lake and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Swan Lake | +8.2%† | $1,010 | 2 | $126,250 |
| Framnas | +8%† | $990 | — | $103,750 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Swan Lake is $1,010 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 (56235, 56267, 56323, 56343; Stevens 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. 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.