Minnesota Average Home Price by City (2026)
The average home price in Minnesota (MN) is about $297,000 — the 2026 median, at ~$188/sq ft — 3% more expensive than the typical U.S. home.
Shaded by price · click a city to explore. Colour = median home value.
Considering a move to Minnesota?
Housing in Minnesota is 3% more expensive than the national average, with a typical home around $297,000 and a local rate near $188 per square foot. Among the 12 Minnesota cities we track, Edina is the most expensive (median $664,000) and Saint Cloud is the most affordable (median $271,000) — so where you land in the state matters as much as the state itself.
Browse Minnesota cities
Minnesota home prices by county
47 Minnesota counties with enough data for their own page, priciest first:
See the cheapest (and most expensive) places to live in Minnesota.
Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.
Home value appreciation in Minnesota
Home prices in Minnesota have risen about 71% over the last 10 years (≈5.5% a year) and +56.0% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +2.8% — still rising. A home worth $297,000 today was worth roughly $173,279 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — nationally the median state is +85.6% over 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Minnesota
Run the numbers for Minnesota with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Minnesota
To buy the typical $297,000 home in Minnesota with 20% down, you need a household income of roughly $81,000 a year (about $1,890 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $96,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $14,900 | $2,340/mo | $100,000/yr |
| 10% (+PMI) | $29,700 | $2,240/mo | $96,000/yr |
| 20% | $59,400 | $1,890/mo | $81,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Minnesota
At about $188 per square foot, here is roughly how much home different budgets get you in Minnesota:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 800 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1060 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1330 sq ft | around the typical home here |
| $300k | 1600 sq ft | around the typical home here |
| $400k | 2130 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Minnesota so you can compare your current home against every Minnesota city we track.