House Prices

House Prices & Home Values Loman, MN 2026


Average Data

average house price$122,500
average size per house1156 ft²
average price per ft²106 $ / ft²

04/05/2026 - The value range (VR) for house prices in Loman, MN is $135/ sqft to $135/ sqft. An average home with 1156 sqft costs approximately $156,060 to $156,060. Loman, MN includes 1 ZIP codes and it is located in Koochiching county. The lowest prices are found in ZIP 56654, while the highest are in ZIP 56654. The average price per sqare feet is $106. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Loman

56654146 $ / ft²




Historical development of home values in Loman

Year Estimated value (USD) Change vs. 2025
2010 $56,891 -53.6%
2011 $54,691 -55.4%
2012 $54,544 -55.5%
2013 $56,583 -53.8%
2014 $59,396 -51.5%
2015 $62,445 -49.0%
2016 $65,703 -46.4%
2017 $69,250 -43.5%
2018 $73,078 -40.3%
2019 $76,467 -37.6%
2020 $80,420 -34.4%
2021 $91,469 -25.3%
2022 $106,632 -13.0%
2023 $112,448 -8.2%
2024 $118,954 -2.9%
2025 $122,500 0.0%

Graph: estimated home values in Loman over time (USD)



Example: 100% financing house in Loman

Loan amount: $122,500

Interest rate: 6.00%

Fixed monthly payment: $734.45

Breakdown in the 1st month:
Interest portion: $612.50  –  Principal portion: $121.95

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,309.08 $1,504.31 $120,995.69
2 $7,216.30 $1,597.10 $119,398.59
3 $7,117.79 $1,695.60 $117,702.99
4 $7,013.21 $1,800.18 $115,902.80
5 $6,902.18 $1,911.22 $113,991.59
6 $6,784.30 $2,029.09 $111,962.49
7 $6,659.15 $2,154.24 $109,808.25
8 $6,526.28 $2,287.11 $107,521.13
9 $6,385.21 $2,428.18 $105,092.96
10 $6,235.45 $2,577.94 $102,515.01
11 $6,076.45 $2,736.94 $99,778.07
12 $5,907.64 $2,905.75 $96,872.32
13 $5,728.42 $3,084.97 $93,787.34
14 $5,538.14 $3,275.25 $90,512.09
15 $5,336.13 $3,477.26 $87,034.83
16 $5,121.66 $3,691.73 $83,343.11
17 $4,893.97 $3,919.43 $79,423.68
18 $4,652.23 $4,161.17 $75,262.51
19 $4,395.57 $4,417.82 $70,844.69
20 $4,123.09 $4,690.30 $66,154.39
21 $3,833.80 $4,979.59 $61,174.81
22 $3,526.67 $5,286.72 $55,888.09
23 $3,200.60 $5,612.79 $50,275.30
24 $2,854.42 $5,958.98 $44,316.32
25 $2,486.88 $6,326.51 $37,989.81
26 $2,096.67 $6,716.72 $31,273.09
27 $1,682.40 $7,130.99 $24,142.10
28 $1,242.58 $7,570.81 $16,571.28
29 $775.63 $8,037.77 $8,533.52
30 $279.88 $8,533.52 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Loman, MN


1500 sqft3900 sqft
Ø selling price$192,391$409,267
Ø fast selling$174,900$368,340
Ø high price sale$209,881$450,193

In 2026, houses in Loman, MN will be offered at an average price of $106 per square foot. A 1,500 sqft home priced at $192,391 is 24.75% more expensive per square foot than a 3,900 sqft home priced at $409,267. Home prices in Loman, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $283,338. Sellers who can wait longer may achieve a higher price of up to $346,302.


Explore Loman, MN

Location & Overview

Loman, MN is a quiet unincorporated community in Koochiching County near the Canadian border. Set along State Highway 11, it sits near the scenic Rainy River and vast northern forests. Travelers value its central location between larger North Woods destinations, making it a convenient base for exploration.


Outdoors & Attractions

The area around Loman, Minnesota is known for fishing, boating, and paddling on the Rainy River and nearby lakes. Hunters, birders, and wildlife photographers find abundant opportunities in the surrounding public lands. In winter, snowmobiling, ice fishing, and silent snowshoe trails highlight the region?s classic North Country appeal. Within driving distance, Voyageurs National Park and other borderland attractions expand the adventure options.


Community & Travel Tips

Despite its small size, the area features friendly hospitality, rustic cabins, and easy access to nearby trailheads and boat launches. Road trippers appreciate simple amenities, uncrowded roads, and star-filled skies that can reveal the northern lights. Whether you are planning a weekend getaway or a longer stay, Loman, MN provides a peaceful, affordable gateway to authentic northern Minnesota.



FAQ – Home Values in Loman

What is the median home value in Loman in 2026?

In 2026, the typical home value in Loman is about $122,500 for an average home size of 1156 square feet. This corresponds to an average price of roughly $106 per square foot.

What is the average cost per square foot in Loman?

In 2026, homes in Loman sell for an average of around $106 per square foot, with a typical range between $135 and $135 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Loman is about 1156 square feet, with an estimated 2026 value around $122,500.



Locations close to Loman, MN

Longville, MN233 $ / ft²
Marcell, MN111 $ / ft²
Margie, MN57 $ / ft²
Littlefork, MN293 $ / ft²
Leonard, MN100 $ / ft²
Lengby, MN117 $ / ft²
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