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

$182,600

  • 5.1% 1-year change
  • 2.1% 1-year forecast

The median home value in Minnesota is $182,600. Minnesota home values have gone up 5.1% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Minnesota is $148. The median price of homes currently listed in Minnesota is $199,900 while the median price of homes that sold is $210,998. The median rent price in Minnesota is $1,295.

Foreclosures will be a factor impacting home values in the next several years. In Minnesota 2.5 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 3.1%, which is lower than the national value of 6.9%. 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 16.5%.

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Relative ZHVI
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Minnesota Market Overview

Data through Sep 30, 2014
  • $182,600 ZHVI
  • 2.1% 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
    (Sep 30, 2015)
  • $199,900 Median listing price
  • $210,998 Median sale price
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Minnesota Market Health

Data through Sep 30, 2014
  • 5.9/10 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.
  • 88 Average days on Zillow (Aug 31, 2014)
  • 16.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes Minnesota
4 homes United States
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Cities in Minnesota

Name Median ZHVI
Plymouth $308,000
Woodbury $278,600
Maple Grove $248,400
Name Median ZHVI
Eagan $241,200
Bloomington $217,300
Minneapolis $200,900
Name Median ZHVI
Brooklyn Park $178,900
Saint Paul $166,000
Duluth $123,200

Listings & Sales

Data through Sep 30, 2014
  • $148 Median list price / sq ft
  • $164 Median sale price / sq ft
  • 40.8% Listings with price cut
23.6%
Sold below listing
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Minnesota Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,369 Minnesota
    $1,335 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
  • $1,295 Rent list price
  • $1.17 Rent list price / sq ft
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