Housing in Welcome, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$125,000

Median List Price

N/A

Price Per Sq Ft

$87

Days on Market

Active Inventory

Months of Supply

4.0

Balanced market

Zillow Home Value

$205,992

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 8.7%List Price ↑ 160.4%Apr 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

100.0%

Seller's market

Sold Above Asking

0.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↑ 0.0%New Listings ↑ 100.0%Pending ↓ 50.0%Apr 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$87

Sale $/SF ↓ 28.7%List $/SF ↑ 158.8%Apr 24 → Jan 26

Welcome vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Welcome is highlighted.

Median Home Value

16th%ilemost expensive$91,300show rank

Median Rent

9th%ilemost expensive rent$625show rank

Median Price Per Sq Ft

13th%ilemost expensive $/sqft$87show rank

Rent Burden

15th%ilehighest rent burden13.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$91,300

Median Rent

$625

Total Housing Units

391

Vacancy Rate

6.9%

Owner Occupied

81.0%

Renter Occupied

19.0%

Median Property Tax

$1,165

per year

Monthly Cost (w/ Mortgage)

$750

Housing Types

Single Family

82.6%

Multi-Family

8.2%

Mobile Home

9.2%

The current median sale price in Welcome, MN is $125,000 according to Redfin data. Homes spend a median of 17 days on the market. 0.0% of homes sold above asking price. The market has 4.0 months of supply. The median price per square foot is $87. The median rent is $625 per month (Census ACS). About 81.0% of housing units are owner-occupied. The median year homes were built is 1953. There are 391 total housing units.