Will home prices go up in Minnesota in 2027?

The recent trend points up. The median value moved +4.5% over the past 12 months, and a simple extension of the past 12 months puts the typical value near $321,000 by June 2027. This is a trend projection, not a prediction: actual values depend on mortgage rates, inventory, and local conditions.

What is the typical home value in Minnesota?

The typical home value in Minnesota is $305,984 as of June 2026, the median Zillow Home Value Index across ZIP codes in the state.

How much have Minnesota home values changed in the past year?

The median home value in Minnesota changed +4.5% over the 12 months ending June 2026, based on the Zillow Home Value Index.

US housing market report · June 2026

The state of the Minnesota housing market.

Name: Minnesota Housing Market Report by Home Value Pros
Creator: Home Value Pros
License: https://www.homevaluepros.com/terms

Median home value and city-by-city trends across Minnesota, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Minnesota median value

$306K

Zillow ZHVI, June 2026

Cities covered

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through June 2026

Where are Minnesota home values headed?

Current typical value

$305,984

Zillow ZHVI median, June 2026

Past 12 months

+4.5%

change in the median

12 months out

$321,000

if the recent trend continues

Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.

Where values are climbing

Fastest appreciating Minnesota cities

1Duluth
$334KUp6.5%
2Finland
$248KUp3.3%
3Minneapolis
$351KFlat0.0%

Where the market is cooling

Fastest cooling Minnesota cities

1Minneapolis
$351KFlat0.0%
2Finland
$248KUp3.3%
3Duluth
$334KUp6.5%

Priciest markets in the state

Most expensive Minnesota cities by median value

1Minneapolis
$351K
2Duluth
$334K
3Finland
$248K

Common questions

What people ask us.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Minnesota, as of June 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Minnesota market index.