Gully, MN 56646 housing market

What this means

• Prices. Home values are up 8.4% over the past year (U.S.: +1.2%).
• Supply. Listings are 100% below the 2017-19 norm: still a tight market.
• Negotiating. Buyer leverage is moderate (57/100; U.S.: 54): homes sell for about 6.0% below their final list price; 0% of listings had a price cut (U.S.: 26%) (as of Jun 2026).
• Affordability. A mortgage on the typical home takes 46% of the median household income (U.S.: 35%); it takes about $75k a year to keep the payment at 30% of gross pay. That includes about $1,696 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $95 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −3% to +13% over the next 12 months (83% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −2.9% to +13.4% (80% range; middle estimate +6.4%), chance of a rise 83%, of a 5%+ drop 6%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Polk County, MN