Pennington County · population 8,779
Where Thief River Falls stands
Home values down 3.5% in the last year.
Home value trajectory · last 10 years
Zillow ZHVI · monthlyLifestyle scores
Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.
How the momentum score breaks down
methodology →Thief River Falls has held up across the cycle: home values at $189,422 with -0.2% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.
Thief River Falls is a small market with thin transaction volume and modest appreciation. The bear case is liquidity: when you eventually sell, your buyer pool is small, slow, and price-sensitive.
About Thief River Falls
Thief River Falls is a city in Pennington County, Minnesota, with an estimated population of 8,779. The median home value in Thief River Falls is $189,422 as of 2026-04, down 3.5% over the last 12 months. Over the last five years, home values have averaged -0.2% annual growth, and the market currently sits about 11% below its 5-year peak. The composite momentum score is 37 of 100 (Cooling). Buyers may find more room to negotiate; sellers should price realistically.
▲ Bull case
▼ Bear case
Playbook
You have leverage. Negotiate price, ask for closing-cost credits, and don't waive inspection. Walk-away power is real in a Cooling market — use it.
Price aggressively (at or below recent sold comps) or be prepared to wait. Concessions — rate buydowns, closing costs, repair credits — are how deals close right now.
Cap rates are more attractive than they were 12 months ago but the appreciation tailwind is gone. Confirm tenant demand, vacancy rates, and exit liquidity before committing capital.
Local safety & alerts
No active National Weather Service alerts for Pennington County right now.
Public-safety links are official .gov sources, not curated by us. Pennington County routes NWS alerts; check the state EM portal for non-weather emergencies.
Cities like Thief River Falls
Run the numbers for Thief River Falls
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.
Climate & natural-disaster risk
State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.
Current weather
Find rentals & listings
Open current Thief River Falls listings on the major real-estate sites.
Links open the live search on the destination site — results are always current.
Local sports teams
Major professional teams the Minneapolis area cheers for. Detailed stats, schedules, and player pages on intherafters.com.
Local economy & environment
Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.
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