| Market | Median list price | YoY | Days on market | Active | Price-to-income | Income needed |
|---|---|---|---|---|---|---|
| Minneapolis | $407,500 | -4.1% | 42 | 11,377 | 4.2 | $111,000 |
| Duluth | $339,200 | +7.7% | 59 | 910 | 4.8 | $93,000 |
| Rochester | $389,900 | -6.6% | 58 | 881 | 4.3 | $106,000 |
| Brainerd | $469,000 | +6.4% | 61 | 701 | 6.8 | $122,000 |
| St. Cloud | $337,450 | +0.7% | 49 | 618 | 4.5 | $91,000 |
| Fergus Falls | $399,900 | -3.0% | 77 | 343 | 5.6 | $105,000 |
| Mankato | $346,950 | -0.8% | 56 | 325 | 4.6 | $94,000 |
| Detroit Lakes | $467,475 | +2.2% | 62 | 225 | 6.6 | $122,000 |
| Faribault | $427,691 | +0.8% | 50 | 214 | 5.2 | $115,000 |
| Grand Rapids | $301,000 | -14.2% | 55 | 211 | 4.5 | $80,000 |
| Bemidji | $369,775 | -1.5% | 60 | 189 | 5.5 | $100,000 |
| Red Wing | $365,919 | -0.3% | 68 | 177 | 4.4 | $100,000 |
| Willmar | $348,000 | +13.1% | 57 | 174 | 4.6 | $94,000 |
| Alexandria | $427,000 | -13.7% | 57 | 159 | 5.5 | $113,000 |
| Owatonna | $338,675 | +2.7% | 51 | 128 | 4.1 | $94,000 |
| Austin | $240,200 | +0.4% | 43 | 122 | 3.4 | $65,000 |
| Albert Lea | $249,950 | -10.6% | 67 | 122 | 3.6 | $68,000 |
| Hutchinson | $327,450 | 0.0% | 42 | 104 | 4.2 | $90,000 |
| Winona | $349,675 | +8.4% | 43 | 94 | 5.0 | $94,000 |
| Fairmont | $193,675 | -14.2% | 78 | 86 | 3.1 | $52,000 |
| Marshall | $249,375 | +5.6% | 70 | 67 | 3.4 | $68,000 |
| New Ulm | $237,975 | +0.8% | 54 | 66 | 3.5 | $65,000 |
| Worthington | $299,000 | +13.5% | 93 | 59 | 4.6 | $80,000 |
State housing market · September 2026 data
Minnesota housing market
Across the 23 Minnesota markets WealthyBud tracks, the midpoint median listing price is $346,950 as of September 2026, and 10 of 23 are priced below a year ago. Brainerd is the most expensive ($469,000) and Fairmont the least ($193,675).
Midpoint median list price
$346,950
23 markets
Markets down YoY
10/23
September 2026
Active listings
17,352
Tracked markets
30-yr mortgage rate
7.28%
2026-10-01
What are home prices in each Minnesota market?
The table lists every Minnesota market WealthyBud tracks with its median listing price, year-over-year change, days on market, active listings, price-to-income ratio and the income needed to buy the median home. Select a market for its full report.
Are home prices rising or falling in Minnesota?
Worthington posted the biggest year-over-year change in Minnesota (+13.5%) and Grand Rapids the weakest (-14.2%). The midpoint change across the state's tracked markets is +0.4%, with 17,352 homes actively listed.
How much income do you need to buy a home in Minnesota?
Buying the median listing with 20% down at the current 7.28% rate takes about $52,000 a year in Fairmont and $122,000 in Brainerd, keeping principal, interest and property tax at 28% of income.
Minnesota housing market FAQ
What is the median home price in Minnesota?
Across WealthyBud's 23 tracked Minnesota markets, median listing prices have a midpoint of $346,950 as of September 2026, from $193,675 in Fairmont to $469,000 in Brainerd.
Are home prices falling in Minnesota?
10 of 23 tracked Minnesota markets have median listing prices below a year ago as of September 2026. The weakest is Grand Rapids at -14.2%.
What is the most expensive housing market in Minnesota?
Brainerd has the highest median listing price among tracked Minnesota markets at $469,000 (September 2026).
How much income do you need to buy a home in Minnesota?
Buying the median listing with 20% down at the current 7.28% rate takes about $52,000 a year in Fairmont and $122,000 in Brainerd, keeping principal, interest and property tax at 28% of income. Insurance, HOA and PMI are excluded.
Working in Minnesota real estate? See Minnesota agent salary (BLS median $46,410) and how to get licensed. Compare states on the state hub index or see where prices are falling nationwide.