Home Values

Minnesota Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$179,900

  • 2.4% 1-year change
  • 2.3% 1-year forecast

The median home value in Minnesota is $179,900. Minnesota home values have gone up 2.4% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Minnesota is None. The median rent price in Minnesota is $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Minnesota 2.7 homes are foreclosed (per 10,000). This is lower than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Minnesota is 3.0%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Minnesota homeowners underwater on their mortgage is 15.3%.

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Relative ZHVI
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Minnesota Market Overview

Data through Mar 31, 2015
  • $179,900 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $201,259 Median sale price
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Minnesota Market Health

Data through Mar 31, 2015
  • 3.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • 127 Average days on Zillow (Feb 28, 2015)
  • 15.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.7 homes Minnesota
3 homes United States
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Cities in Minnesota

Name Median ZHVI
Plymouth $282,300
Woodbury $266,500
Eagan $219,000
Name Median ZHVI
Bloomington $203,300
Minneapolis $184,600
Brooklyn Park $165,600
Name Median ZHVI
Saint Paul $159,800
Rochester $135,900
Duluth $112,500

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $156 Median sale price / sq ft
  • No data Listings with price cut
25.8%
Sold below listing
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Minnesota Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,352 Minnesota
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,250 Rent list price
  • $1.20 Rent list price / sq ft
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