Housing in Wells, MN

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

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$135,947

Wells vs Similar Cities

Source: Census ACS / Redfin (2023)

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

Median Home Value

17th%ilemost expensive$93,200show rank

Median Rent

16th%ilemost expensive rent$699show rank

Rent Burden

20th%ilehighest rent burden14.3%show rank

Census Housing Data

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

Median Home Value

$93,200

Median Rent

$699

Total Housing Units

1,198

Vacancy Rate

7.3%

Owner Occupied

76.0%

Renter Occupied

24.0%

Median Property Tax

$1,294

per year

Monthly Cost (w/ Mortgage)

$731

Housing Types

Single Family

85.1%

Multi-Family

14.9%

Mobile Home

0.0%

The median home value in Wells, MN is $93,200. According to Zillow, the home value index for Wells is $135,947. The median rent is $699 per month (Census ACS). About 76.0% of housing units are owner-occupied. The median year homes were built is 1953. There are 1,198 total housing units.