Urbank, MN housing market
Home prices around Urbank have risen about 54% over the past 5 years.
Home values, sales, trends and how Urbank compares with the towns next door — updated as new data is published.
Home prices up 54% in 5 years
The federal house price index for the ZIP codes around Urbank rose 54% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 4.1%.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | −4.1% | +138% | +107% |
| 2024 | +17% | +148% | +102% |
| 2023 | −1.4% | +112% | +95% |
| 2022 | +28% | +115% | +87% |
| 2021 | +8.9% | +68% | +66% |
| 2020 | +2.7% | +55% | +52% |
| 2019 | −0.8% | +51% | +48% |
| 2018 | +9.3% | +52% | +42% |
| 2017 | +9.7% | +39% | +34% |
| 2016 | −3.4% | +27% | +27% |
| 2015 | +8.9% | +31% | +21% |
| 2014 | +2.4% | +20% | +17% |
| 2013 | −3.7% | +17% | +11% |
| 2012 | +0.2% | +22% | +6.4% |
| 2011 | −7.4% | +22% | +8% |
| 2010 | −4.1% | +31% | +14% |
| 2009 | −4.6% | +37% | +22% |
| 2008 | +1.8% | +44% | +30% |
| 2007 | +0.5% | +41% | +36% |
| 2006 | +11% | +40% | +37% |
| 2005 | +10% | +27% | +33% |
| 2004 | +5.6% | +15% | +23% |
| 2003 | +4.1% | +9.4% | +13% |
| 2002 | +5% | +5% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56361, 56588, covering 55% of Urbank’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.
Urbank and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Urbank | −4.1%† | $990 | $71,250 |
| Effington | −4.1%† | $970 | $95,625 |
† 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 Urbank is $990 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $690 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56361, 56588; Douglas 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.