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MN area data

Wells, MN

Wells, MN.

Population: 3,487 (Census ACS)

Home values & appreciation

Median home value
$186,536
1-year appreciation
+4.8%
3-year appreciation
+16.5%
5-year appreciation
+48.2%
10-year appreciation
+105.0%
All-time peak (2026-05)
$187,911
House Price Index
429.3 (+3.3% YoY)

Market activity

New listings (monthly)
3

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
drought, coldWave, hail, strongWind, winterWeather

Climate (30-year normals)

Annual precipitation
32.7 in
Annual snowfall
56.8 in

Amenities

Nearest airport
Wells Municipal Airport (7 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Migration

Net migration
+56 tax filers

Housing stock

Median year housing built
1,953
Median annual property tax
$1,480
Mean commute to work
18 min
Households with broadband internet
73.7%

Employment & development

Total county employment
3,720
Average weekly wage
$1,005
Top industries (by employment)
Accommodation & Food, Other Services, Wholesale Trade
Annual residential building permits (county)
8

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents