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Minnesota Home Values and Rents
The median home value in Minnesota is $329,300, 23rd highest among states. Prices changed +2.5% in the year through Q2 2026.
- Typical home value
- $348,778
- 23rd of 51 states
- Median rent
- $1,280/mo
- ACS 2020-2024
- Price change, 1 year
- +2.5%
- 28th fastest of 51
- Homeownership
- 72.2%
- Owner-occupied homes
Minnesota home prices since 2000
FHFA purchase-only House Price Index, seasonally adjusted (1991 = 100)
Show as a table
| Period | Minnesota |
|---|---|
| Q2 2026 | 435 |
| Q4 2025 | 432 |
| Q4 2024 | 419 |
| Q4 2023 | 401 |
| Q4 2022 | 384 |
| Q4 2021 | 368 |
| Q4 2020 | 327 |
| Q4 2019 | 299 |
| Q4 2018 | 283 |
| Q4 2017 | 268 |
| Q4 2016 | 252 |
| Q4 2015 | 239 |
| Q4 2014 | 226 |
| Q4 2013 | 218 |
| Q4 2012 | 205 |
Over five years, Minnesota home prices changed +24.7%, compared with +29.9% for the U.S.
Source: Federal Housing Finance Agency ยท Last updated 07/01/2026
Home values by county
Zillow typical home value; price changes from FHFA annual county index
Swipe the table sideways to see more columns.
| # | County | Typical value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | Carver County | $490,761 | $1,514 | +3.8% | +36.1% |
| 2 | Washington County | $445,711 | $1,710 | +1.8% | +35.0% |
| 3 | Scott County | $442,767 | $1,568 | +2.4% | +34.9% |
| 4 | Cook County | $438,446 | $886 | -7.6% | +54.3% |
| 5 | Wright County | $397,588 | $1,288 | +1.8% | +38.0% |
| 6 | Dakota County | $393,429 | $1,548 | +1.5% | +32.3% |
| 7 | Sherburne County | $391,353 | $1,127 | +2.1% | +41.5% |
| 8 | Hennepin County | $386,707 | $1,487 | +3.0% | +29.8% |
| 9 | Chisago County | $384,657 | $1,186 | +2.3% | +39.9% |
| 10 | Anoka County | $373,109 | $1,464 | +2.4% | +36.0% |
| 11 | Crow Wing County | $369,756 | $971 | +4.7% | +58.1% |
| 12 | Becker County | $354,781 | $920 | +5.8% | +47.0% |
| 13 | Le Sueur County | $353,278 | $942 | +3.9% | +44.3% |
| 14 | Rice County | $350,912 | $1,083 | +4.3% | +39.7% |
| 15 | Olmsted County | $349,397 | $1,370 | +2.5% | +38.1% |
| 16 | Douglas County | $347,708 | $927 | +5.0% | +49.9% |
| 17 | Isanti County | $339,624 | $1,273 | +2.8% | +42.9% |
| 18 | Cass County | $336,524 | $863 | +7.8% | +59.5% |
| 19 | Ramsey County | $334,747 | $1,329 | +2.9% | +30.7% |
| 20 | Otter Tail County | $334,672 | $868 | +1.1% | +48.2% |
| 21 | Dodge County | $334,610 | $1,020 | +3.2% | +38.8% |
| 22 | Pope County | $327,911 | $902 | +7.3% | +51.8% |
| 23 | Houston County | $322,279 | $879 | +2.8% | +52.9% |
| 24 | Goodhue County | $321,212 | $966 | +3.2% | +41.0% |
| 25 | Wabasha County | $318,894 | $830 | +5.2% | +53.0% |
| 26 | Hubbard County | $317,334 | $905 | +4.0% | +50.4% |
| 27 | Benton County | $313,228 | $982 | +3.2% | +42.0% |
| 28 | Morrison County | $312,773 | $788 | +2.4% | +53.3% |
| 29 | Nicollet County | $312,313 | $970 | +3.3% | +39.1% |
| 30 | Stearns County | $310,038 | $1,068 | +2.2% | +43.3% |
| 31 | Mille Lacs County | $309,263 | $903 | +5.4% | +47.0% |
| 32 | Clay County | $303,991 | $1,019 | +4.8% | +36.4% |
| 33 | Blue Earth County | $301,642 | $1,123 | +4.7% | +38.9% |
| 34 | Carlton County | $298,854 | $1,009 | +12.7% | +61.3% |
| 35 | Sibley County | $297,792 | $855 | +1.4% | +35.5% |
| 36 | McLeod County | $297,246 | $941 | +0.2% | +43.0% |
| 37 | Meeker County | $295,300 | $904 | +5.3% | +52.5% |
| 38 | Steele County | $293,327 | $1,061 | +5.0% | +47.0% |
| 39 | Kandiyohi County | $285,215 | $909 | -0.9% | +44.8% |
| 40 | Winona County | $282,899 | $907 | +2.9% | +44.9% |
| 41 | Fillmore County | $280,947 | $797 | +1.4% | +45.6% |
| 42 | Aitkin County | $275,987 | $869 | +1.1% | +55.6% |
| 43 | Lake County | $275,583 | $1,093 | +4.5% | +58.0% |
| 44 | Kanabec County | $270,028 | $962 | +0.6% | +43.7% |
| 45 | Todd County | $265,621 | $908 | +2.5% | +47.6% |
| 46 | Rock County | $263,653 | $698 | +6.9% | +45.0% |
| 47 | Beltrami County | $263,076 | $1,053 | +5.0% | +46.4% |
| 48 | Pine County | $261,692 | $877 | +3.9% | +51.0% |
| 49 | Waseca County | $259,153 | $883 | -0.9% | +46.9% |
| 50 | St. Louis County | $255,915 | $1,013 | +6.3% | +52.7% |
| 51 | Murray County | $254,869 | $810 | +7.3% | +66.6% |
| 52 | Polk County | $253,192 | $855 | +3.6% | +36.6% |
| 53 | Clearwater County | $248,962 | $742 | +9.9% | +43.6% |
| 54 | Brown County | $247,202 | $890 | +5.8% | +42.8% |
| 55 | Itasca County | $246,649 | $988 | +5.4% | +51.8% |
| 56 | Nobles County | $246,403 | $896 | +1.6% | +58.2% |
| 57 | Grant County | $241,357 | $797 | +9.6% | +51.3% |
| 58 | Wadena County | $227,305 | $746 | +1.5% | +54.1% |
| 59 | Jackson County | $227,184 | $787 | +2.2% | +47.8% |
| 60 | Lyon County | $226,888 | $781 | +5.0% | +41.8% |
| 61 | Roseau County | $225,440 | $880 | -0.7% | +39.0% |
| 62 | Chippewa County | $221,400 | $869 | +11.4% | +64.8% |
| 63 | Lake of the Woods County | $221,109 | $955 | -7.9% | +33.6% |
| 64 | Wilkin County | $220,770 | $564 | +6.7% | +52.5% |
| 65 | Martin County | $219,955 | $761 | +0.6% | +39.6% |
| 66 | Stevens County | $217,836 | $951 | +4.9% | +39.8% |
| 67 | Lac qui Parle County | $216,260 | $728 | +23.1% | +74.1% |
| 68 | Red Lake County | $208,265 | $583 | - | +24.6% |
| 69 | Lincoln County | $207,341 | $674 | -6.3% | +57.7% |
| 70 | Big Stone County | $205,428 | $745 | +3.1% | +58.1% |
| 71 | Pipestone County | $205,022 | $754 | +2.1% | +48.9% |
| 72 | Mower County | $201,999 | $927 | +7.5% | +52.4% |
| 73 | Swift County | $200,692 | $920 | +1.1% | +46.1% |
| 74 | Marshall County | $199,293 | $690 | +6.3% | +36.0% |
| 75 | Freeborn County | $197,437 | $849 | +4.4% | +45.4% |
| 76 | Renville County | $192,374 | $790 | +3.9% | +48.5% |
| 77 | Pennington County | $191,990 | $862 | -1.1% | +16.7% |
| 78 | Redwood County | $187,335 | $757 | +4.7% | +45.0% |
| 79 | Norman County | $181,155 | $774 | -4.4% | +26.9% |
| 80 | Yellow Medicine County | $176,826 | $678 | -3.2% | +44.9% |
| 81 | Mahnomen County | $175,907 | $696 | +17.7% | +44.8% |
| 82 | Watonwan County | $174,190 | $834 | +0.4% | +46.5% |
| 83 | Cottonwood County | $169,239 | $817 | +4.5% | +33.8% |
| 84 | Faribault County | $161,984 | $799 | +9.7% | +54.5% |
| 85 | Koochiching County | $157,546 | $671 | +8.8% | +55.8% |
| 86 | Traverse County | $151,419 | $615 | - | +59.7% |
| 87 | Kittson County | $145,496 | $757 | +3.3% | +44.8% |
Most expensive cities in Minnesota
Cities and towns with 10,000+ residents, by typical home value
Swipe the table sideways to see more columns.
| # | City | Population | Typical value | Median rent |
|---|---|---|---|---|
| 1 | Lake Elmo | 13,140 | $643,791 | $2,407 |
| 2 | Edina | 53,262 | $624,597 | $1,844 |
| 3 | Victoria | 11,295 | $621,964 | $2,235 |
| 4 | Mendota Heights | 11,612 | $570,654 | $1,631 |
| 5 | Chanhassen | 26,006 | $564,386 | $1,831 |
| 6 | Prior Lake | 28,016 | $528,456 | $1,654 |
| 7 | Ham Lake | 16,702 | $508,317 | $1,173 |
| 8 | Plymouth | 79,220 | $505,176 | $1,766 |
| 9 | Eden Prairie | 63,051 | $499,728 | $1,833 |
| 10 | Lakeville | 74,354 | $484,669 | $1,806 |
| 11 | Minnetonka | 53,064 | $484,605 | $1,779 |
| 12 | Chaska | 28,706 | $481,730 | $1,553 |
| 13 | Waconia | 13,434 | $464,369 | $1,330 |
| 14 | Rogers | 13,685 | $464,072 | $1,789 |
| 15 | Woodbury | 78,305 | $460,987 | $1,908 |
| 16 | Lino Lakes | 22,113 | $458,845 | $1,874 |
| 17 | Stillwater | 19,355 | $454,039 | $1,622 |
| 18 | Andover | 33,035 | $445,687 | $2,037 |
| 19 | Hugo | 16,340 | $436,311 | $1,891 |
| 20 | Golden Valley | 21,725 | $435,681 | $1,785 |
| 21 | Otsego | 22,245 | $431,834 | $1,765 |
| 22 | Rosemount | 27,562 | $430,575 | $1,640 |
| 23 | Forest Lake | 20,729 | $428,361 | $1,421 |
| 24 | Hermantown | 10,218 | $425,232 | $1,463 |
| 25 | Savage | 32,889 | $424,553 | $1,766 |
Most affordable cities in Minnesota
Cities and towns with 10,000+ residents, lowest home values first
Swipe the table sideways to see more columns.
| # | City | Population | Typical value | Median rent |
|---|---|---|---|---|
| 1 | Hibbing | 16,057 | $165,132 | $833 |
| 2 | Fairmont | 10,296 | $172,050 | $738 |
| 3 | Albert Lea | 18,330 | $180,520 | $857 |
| 4 | Austin | 26,358 | $187,648 | $953 |
| 5 | Fergus Falls | 14,181 | $204,651 | $911 |
| 6 | Bemidji | 15,569 | $217,003 | $1,067 |
| 7 | St. Cloud | 70,629 | $225,000 | $1,003 |
| 8 | Willmar | 21,378 | $245,464 | $910 |
| 9 | Marshall | 13,896 | $248,833 | $779 |
| 10 | New Ulm | 14,056 | $250,546 | $962 |
| 11 | St. Peter | 12,185 | $250,700 | $961 |
| 12 | Worthington | 13,780 | $252,926 | $938 |
| 13 | Winona | 26,009 | $262,043 | $882 |
| 14 | Cloquet | 12,537 | $266,131 | $1,024 |
| 15 | Grand Rapids | 11,207 | $280,069 | $1,090 |
Frequently asked questions
- What is the median home value in Minnesota?
- The median value of owner-occupied homes in Minnesota is $329,300, according to the American Community Survey 2020-2024 5-year estimates. That ranks 23rd highest among the states and D.C.
- Are home prices going up in Minnesota?
- Home prices in Minnesota changed +2.5% over the year through Q2 2026 and +24.7% over five years, according to the FHFA House Price Index.
- What is the most expensive city in Minnesota?
- Among cities and towns with at least 10,000 residents, Lake Elmo has the highest typical home value at $643,791, followed by Edina ($624,597) and Victoria ($621,964).
- Where are homes most affordable in Minnesota?
- Hibbing has the lowest typical home value among cities with 10,000+ residents at $165,132, followed by Fairmont ($172,050) and Albert Lea ($180,520).
- How much do homes sell for in Minnesota?
- In Sep 2026, the median sale price was $377,406 in the Minneapolis-St. Paul-Bloomington, MN-WI area, $336,429 in the Sioux Falls, SD-MN area and $319,316 in the Fargo, ND-MN area, according to Zillow. These are the metro areas in Minnesota with the highest median sale prices.
- What is the average rent in Minnesota?
- The median gross rent in Minnesota is $1,280 a month, including utilities paid by the renter (ACS 2020-2024). About 28% of households rent.