Waltham, MN housing market
The typical Waltham home is worth about $297,000, up 4.1% in a year, 15% below the Minnesota typical home.
Home values, sales, trends and how Waltham compares with the towns next door — updated as new data is published.
Waltham at a glance
Typical home value, 2016–2026
Show as a table
| January | Waltham | Minnesota |
|---|---|---|
| 2017 | $138,000 | $217,000 |
| 2018 | $150,000 | $232,000 |
| 2019 | $161,000 | $246,000 |
| 2020 | $172,000 | $259,000 |
| 2021 | $198,000 | $282,000 |
| 2022 | $233,000 | $313,000 |
| 2023 | $246,000 | $325,000 |
| 2024 | $260,000 | $331,000 |
| 2025 | $280,000 | $341,000 |
| 2026 | $295,000 | $349,000 |
| August 2026 | $297,000 | $351,000 |
Waltham and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Waltham | $297K | +4.1% | $1,200 | $95,000 |
| Red Rock | — | +8.3%† | $1,020 | $86,875 |
| Sargeant | $300K | +6.2% | $1,360 | $114,464 |
| Hayfield | $326K | +7.8% | $1,210 | $110,833 |
| Udolpho | — | +3.9%† | $1,150 | $141,875 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,200
HUD's Fair Market Rent for a two-bedroom in Waltham is $1,200 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $870 · 4 bedrooms $1,890
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55912, 55918, 55940, 55973, 55982; Rochester, 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.