Welch, MN housing market
The typical Welch home is worth about $489,000, up 2.4% in a year, 39% above the Minnesota typical home.
Home values, sales, trends and how Welch compares with the towns next door — updated as new data is published.
Welch at a glance
Typical home value, 2016–2026
Show as a table
| January | Welch | Minnesota |
|---|---|---|
| 2017 | $301,000 | $217,000 |
| 2018 | $316,000 | $232,000 |
| 2019 | $335,000 | $246,000 |
| 2020 | $362,000 | $259,000 |
| 2021 | $398,000 | $282,000 |
| 2022 | $426,000 | $313,000 |
| 2023 | $454,000 | $325,000 |
| 2024 | $471,000 | $331,000 |
| 2025 | $476,000 | $341,000 |
| 2026 | $485,000 | $349,000 |
| August 2026 | $489,000 | $351,000 |
Welch and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Welch | $489K | +2.4% | $1,520 | — | $125,000 |
| Vasa | — | +2.5%† | $1,390 | — | $106,250 |
| Ravenna | — | +3.6%† | $1,520 | 1 | $131,304 |
| Red Wing | $284K | +0.1% | $1,290 | 12 | $67,192 |
| Douglas | — | +0.1%† | $1,520 | 2 | $101,667 |
| Oak Grove | — | +5.9%† | $1,540 | — | $153,279 |
| Diamond Bluff | — | +14.1%† | $1,530 | — | $74,605 |
† 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 $1,520
HUD's Fair Market Rent for a two-bedroom in Welch is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Welch pay a median of $1,150, so moving in tends to cost more than staying put.
Studio $1,100 · 4 bedrooms $2,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55009, 55033, 55089; Minneapolis-St. Paul-Bloomington, MN-WI 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.
Recent listings in Welch
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.