Thunder Lake, MN housing market
Home prices around Thunder Lake have risen about 76% over the past 5 years.
Home values, sales, trends and how Thunder Lake compares with the towns next door — updated as new data is published.
Home prices up 76% in 5 years
The federal house price index for the ZIP code around Thunder Lake rose 76% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 20%.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | +20% | +143% | +107% |
| 2024 | −13% | +102% | +102% |
| 2023 | +28% | +132% | +95% |
| 2022 | +14% | +81% | +87% |
| 2021 | +14% | +58% | +66% |
| 2020 | +0.9% | +38% | +52% |
| 2019 | +2.1% | +37% | +48% |
| 2018 | +3.5% | +34% | +42% |
| 2017 | +3.3% | +30% | +34% |
| 2016 | +1.8% | +26% | +27% |
| 2015 | −0.5% | +23% | +21% |
| 2014 | +4.4% | +24% | +17% |
| 2013 | −0.3% | +19% | +11% |
| 2012 | −9.1% | +19% | +6.4% |
| 2011 | −0.5% | +31% | +8% |
| 2010 | −6.6% | +32% | +14% |
| 2009 | −1.6% | +41% | +22% |
| 2008 | −6.3% | +43% | +30% |
| 2007 | −0.6% | +53% | +36% |
| 2006 | +3.8% | +54% | +37% |
| 2005 | +31% | +48% | +33% |
| 2004 | −0.7% | +13% | +23% |
| 2003 | +8.8% | +14% | +13% |
| 2002 | +4.9% | +4.9% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 56672, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Thunder Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Thunder Lake | — | +20.2%† | $970 | $77,188 |
| Trelipe | — | +20%† | $1,020 | $71,042 |
| Remer | $164K | +3.2% | $970 | $46,250 |
| Inguadona | — | +17.5%† | $970 | $60,893 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Thunder Lake is $970 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $730 · 4 bedrooms $1,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56672; Cass 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.