$195,000
4 bd3 ba2,176 sqft
505 6th St S
Minnesota Housing Market
$350,752
2.5% 1-yrThe average Minnesota home value is $350,752, up 2.5% over the past year, and homes go to pending in around 24 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Minnesota Key Takeaways
Typical Home Values: $350,752
1-Year Value Change: +2.5%
(Data through August 31, 2026)
Minnesota Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 23,691 ()
New Listings: 8,003 ()
Median Sale to List Ratio: 1.000 ()
Median Sale Price: $353,300 ()
Median List Price: $371,267 ()
Percent of Sales Over List Price: 40.8% ()
Percent of Sales Under List Price: 38.0% ()
Median Days to Pending: 24 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Cities in Minnesota
- NameMedian ZHVI
- Baxter$369,294
- Brainerd$315,174
- East Gull Lake$707,486
- Riverton--
- Nisswa$586,716
- Ironton$286,230
- Merrifield$458,925
- Fort Ripley$398,427
- Lake Shore$756,658
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Minnesota Rental Market Trends
Average Rent: --
National Average Rent: $1,948 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Minnesota?
The median home value in Minnesota is $350,752 as of August 2026. This represents a 2.5% increase year-over-year.
How do home values in Minnesota compare to the national average?
The median home value in Minnesota ($350,752) is lower than the U.S. national median ($368,697), representing a 4.9% difference.
Which counties in Minnesota have the highest home values?
The counties with the highest median home values in Minnesota include: Carver County ($496,298), Washington County ($451,458), Scott County ($450,087), Cook County ($446,076), Dakota County ($402,628).
What metros in Minnesota have the fastest growing home values?
Metro areas with the highest year-over-year home value growth in Minnesota include: Grand Forks, ND (7.3%), Duluth, MN (6.4%), La Crosse, WI (4.8%), Rochester, MN (4.3%), Mankato, MN (4.0%).
