Minnesota Average Home Price by City (2026)

The average home price in Minnesota (MN) is about $304,000 — the 2026 median, at ~$189/sq ft — 3% more expensive than the typical U.S. home.

$304,000
Minnesota median value
$189
Median price / sq ft
~1,610
sq ft a median budget buys
+3%
vs U.S. median
Minneapolis — $347,000MinneapolisSaint Paul — $282,000Duluth — $294,000DuluthBloomington — $382,000Edina — $671,500Plymouth — $491,500Rochester — $368,000Rochester

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 $304,000 and a local rate near $189 per square foot. Among the 12 Minnesota cities we track, Edina is the most expensive (median $671,500) and Saint Cloud is the most affordable (median $273,000) — so where you land in the state matters as much as the state itself.

Browse Minnesota cities

Edina$671,500Eden Prairie$495,000Plymouth$491,500Bloomington$382,000Rochester$368,000Brooklyn Park$364,000Eagan$361,000Hillman$359,000Minneapolis$347,000Duluth$294,000Saint Paul$282,000Saint Cloud$273,000

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.

Salary needed to buy a home in Minnesota

To buy the typical $304,000 home in Minnesota with 20% down, you need a household income of roughly $83,000 a year (about $1,930 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $98,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$15,200$2,400/mo$103,000/yr
10% (+PMI)$30,400$2,290/mo$98,000/yr
20%$60,800$1,930/mo$83,000/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 $189 per square foot, here is roughly how much home different budgets get you in Minnesota:

BudgetApprox. sizeWhat that looks like locally
$150k790 sq ftbelow the local median — condos, smaller or older homes
$200k1060 sq ftbelow the local median — condos, smaller or older homes
$250k1320 sq ftaround the typical home here
$300k1590 sq ftaround the typical home here
$400k2120 sq ftabove 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.

Minnesota home prices: frequently asked

What salary do you need to buy a house in Minnesota? +
For the typical $304,000 home in Minnesota, a household income of about $83,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $98,000; with 5% down about $103,000.
What is the average home price in Minnesota? +
The average home price in Minnesota is about $304,000 as of 2026, at roughly $189 per square foot — 3% more expensive than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in Minnesota (MN)? +
About $304,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $189/sq ft, a median budget in Minnesota buys roughly 1,610 sq ft of home.
Where is Minnesota most and least expensive? +
Among the 12 Minnesota cities tracked here, Edina is the priciest (median $671,500) and Saint Cloud is the most affordable (median $273,000). ZIP-level prices within one city vary further, so check the city page for your area.