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

$180,700

  • 2.1% 1-year change
  • 1.8% 1-year forecast

The median home value in Minnesota is $180,700. Minnesota home values have gone up 2.1% over the past year and Zillow predicts they will rise 1.8% within the next year. The median rent price in Minnesota is $1,295.

Foreclosures will be a factor impacting home values in the next several years. In Minnesota 3.0 homes are foreclosed (per 10,000). This is lower than the national value of 3.5

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 2.8%, which is lower than the national value of 6.0%. 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 13.9%.

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Relative ZHVI
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Minnesota Market Overview

Data through May 31, 2015
  • $180,700 ZHVI
  • 1.8% 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
    (May 31, 2016)
  • No data Median listing price
  • $208,948 Median sale price
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Minnesota Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • 87 Average days on Zillow (Apr 30, 2015)
  • 13.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

3 Minnesota
4 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 May 31, 2015
  • No recent data Median list price / sq ft
  • $165 Median sale price / sq ft
  • No data Listings with price cut
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Minnesota Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,364 Minnesota
    $1,367 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
  • $1.22 Rent list price / sq ft
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