The story of this market
The typical home in Deer River, Minnesota sells for about $270,000, or $249 per square foot.
Prices are up +40.2% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,965 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Deer River, Minnesota
Deer River's housing market is currently experiencing a period of price volatility with a significant year-over-year increase in median sale prices. The market remains relatively small with limited inventory, and the local economy continues to rely on traditional regional industries.
No ARED county foreclosure postings attributed to Deer River yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 40.2% year over year.
Homes spend a median of 49 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 30.7% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional river providing extensive opportunities for fishing, kayaking, and scenic recreation.
A local park facility offering green space and community recreational areas.
Deer River is well-suited for outdoor enthusiasts and families seeking a quiet, small-town lifestyle with affordable housing options compared to larger regional hubs.
The city is served by the Deer River Independent School District, which provides public education for the local community.
The city is primarily accessed via state highways, with limited public transit infrastructure available for daily commuting.
Deer River offers access to significant outdoor amenities, including proximity to the St. Louis River and various regional parks that support fishing, boating, and hiking.
The rental market is characterized by limited inventory and a mix of long-term residential leases, with some seasonal demand driven by the area's recreational appeal.
The economy is driven by local retail, real estate, and service-based industries, with a significant portion of the workforce commuting to nearby employment centers.
The local economy is primarily supported by small-scale retail and service sectors, with limited large-scale industrial development reported.
No major large-scale commercial or residential developments are currently reported as under construction.
Parcels are subject to standard school district and county-level special taxing districts common to rural Minnesota.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Data retrieved from Census Reporter and Data USA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.