Home Value Trail

States › Minnesota › 2025

State, one year

Minnesota in 2025

Index change and building permits for the year, with every county.

In 2025 the FHFA house price index for Minnesota changed +2.8%, against +2.8% for the United States and +3.7% in 2024.

20,947 housing units were authorised by building permits in the state that year (12,886 single-family), +0.2% on 2024; the national total was 1,431,616.

+2.8%Minnesota index, 2024–2025US +2.8%
20,947housing units permitted in 202512,886 single-family
76 of 85counties with a rising indexmedian county +3.3%
1,431,616units permitted nationally in 2025
← 2024Minnesota overview

Counties in 2025

Ranked by the county index change from 2024 to 2025 (FHFA annual county index). Permits are units authorised in 2025; per 1,000 uses the vintage 2025 population.

CountyIndex change 2025Units permittedSingle-familyPer 1,000
Lac qui Parle County+23.1%660.9
Mahnomen County+17.7%000.0
Carlton County+12.7%1551094.2
Chippewa County+11.4%1190.9
Clearwater County+9.9%000.0
Faribault County+9.7%660.4
Grant County+9.6%771.2
Koochiching County+8.8%33332.8
Cass County+7.8%2712538.6
Mower County+7.5%136343.3
Murray County+7.3%18182.3
Pope County+7.3%33312.9
Rock County+6.9%16161.7
Wilkin County+6.7%991.4
Marshall County+6.3%330.3
St. Louis County+6.3%4122372.1
Becker County+5.8%1821385.1
Brown County+5.8%33251.3
Itasca County+5.4%2491175.5
Mille Lacs County+5.4%103913.7
Meeker County+5.3%48482.0
Wabasha County+5.2%51492.4
Beltrami County+5.0%168773.6
Douglas County+5.0%3191578.0
Lyon County+5.0%23190.9
Steele County+5.0%54321.4
Stevens County+4.9%74147.6
Clay County+4.8%3441535.1
Blue Earth County+4.7%2741863.9
Crow Wing County+4.7%6254559.0
Redwood County+4.7%770.5
Cottonwood County+4.5%10100.9
Lake County+4.5%83837.7
Freeborn County+4.4%13130.4
Rice County+4.3%1001001.4
Hubbard County+4.0%25211.1
Le Sueur County+3.9%67602.3
Pine County+3.9%2132057.0
Renville County+3.9%10100.7
Carver County+3.8%9604838.4
Polk County+3.6%42421.4
Kittson County+3.3%771.7
Nicollet County+3.3%82482.4
Benton County+3.2%139633.3
Dodge County+3.2%83503.9
Goodhue County+3.2%84741.7
Big Stone County+3.1%220.4
Hennepin County+3.0%3,4911,5232.7
Ramsey County+2.9%7082731.3
Winona County+2.9%42260.8
Houston County+2.8%37352.0
Isanti County+2.8%2761916.2
Olmsted County+2.5%5423263.3
Todd County+2.5%84823.2
Anoka County+2.4%7747382.0
Morrison County+2.4%1561484.5
Scott County+2.4%8835705.6
Chisago County+2.3%2402364.1
Jackson County+2.2%6286.3
Stearns County+2.2%6483713.9
Pipestone County+2.1%1371.4
Sherburne County+2.1%3192993.1
Washington County+1.8%2,3821,2258.3
Wright County+1.8%1,1561,0727.3
Nobles County+1.6%94104.2
Dakota County+1.5%2,3301,3785.1
Fillmore County+1.5%58582.7
Wadena County+1.5%82485.7
Sibley County+1.4%28261.8
Aitkin County+1.1%21417013.2
Otter Tail County+1.1%72601.2
Swift County+1.1%34103.5
Kanabec County+0.6%83445.0
Martin County+0.6%13130.7
Watonwan County+0.4%1151.0
McLeod County+0.2%206635.6
Roseau County−0.7%21211.4
Kandiyohi County−0.9%73571.6
Waseca County−0.9%62243.3
Pennington County−1.1%110.1
Yellow Medicine County−3.2%40404.2
Norman County−4.4%10101.6
Lincoln County−6.3%17133.0
Cook County−7.6%646411.6
Lake of the Woods County−7.9%25256.6
Red Lake County—000.0
Traverse County—661.9

Permits by year, 1995–2025

Housing units authorised in Minnesota by year020,00040,00060,0001995: 25,494 units (20,675 single-family, 4,819 in multi-unit buildings)19951996: 27,043 units (22,085 single-family, 4,958 in multi-unit buildings)1997: 24,900 units (20,060 single-family, 4,840 in multi-unit buildings)1998: 30,443 units (25,011 single-family, 5,432 in multi-unit buildings)1999: 33,341 units (26,664 single-family, 6,677 in multi-unit buildings)2000: 32,814 units (25,549 single-family, 7,265 in multi-unit buildings)20002001: 34,151 units (26,927 single-family, 7,224 in multi-unit buildings)2002: 38,977 units (28,631 single-family, 10,346 in multi-unit buildings)2003: 42,046 units (32,731 single-family, 9,315 in multi-unit buildings)2004: 41,843 units (32,580 single-family, 9,263 in multi-unit buildings)2005: 36,509 units (29,566 single-family, 6,943 in multi-unit buildings)20052006: 26,352 units (20,901 single-family, 5,451 in multi-unit buildings)2007: 17,930 units (14,508 single-family, 3,422 in multi-unit buildings)2008: 11,551 units (8,908 single-family, 2,643 in multi-unit buildings)2009: 9,425 units (7,314 single-family, 2,111 in multi-unit buildings)2010: 9,840 units (7,053 single-family, 2,787 in multi-unit buildings)20102011: 8,890 units (6,733 single-family, 2,157 in multi-unit buildings)2012: 16,095 units (9,197 single-family, 6,898 in multi-unit buildings)2013: 17,313 units (11,114 single-family, 6,199 in multi-unit buildings)2014: 16,990 units (10,689 single-family, 6,301 in multi-unit buildings)2015: 19,545 units (10,900 single-family, 8,645 in multi-unit buildings)20152016: 21,449 units (12,071 single-family, 9,378 in multi-unit buildings)2017: 21,953 units (13,508 single-family, 8,445 in multi-unit buildings)2018: 25,673 units (13,574 single-family, 12,099 in multi-unit buildings)2019: 28,586 units (13,709 single-family, 14,877 in multi-unit buildings)2020: 28,148 units (14,707 single-family, 13,441 in multi-unit buildings)20202021: 33,652 units (16,704 single-family, 16,948 in multi-unit buildings)2022: 31,126 units (13,483 single-family, 17,643 in multi-unit buildings)2023: 25,667 units (12,770 single-family, 12,897 in multi-unit buildings)2024: 20,913 units (13,420 single-family, 7,493 in multi-unit buildings)2025: 20,947 units (12,886 single-family, 8,061 in multi-unit buildings)2025

Housing units authorised in Minnesota by yearsingle-family2+ unit buildings

Source: Federal Housing Finance Agency annual state and county house price indexes (updated March 31, 2026); Census Bureau Building Permits Survey annual state and county files. Public domain. Methodology.