Minnesota
House prices in Minnesota moved +3.78% over the last year, ranking 27th of 51 states. Over five years the annualised rate is +6.36%, 45th of 51. The price level here is below the typical US state.
Index history
Index level, not dollars · to 2026Q1This is an index, not a price. It measures how much prices in Minnesota have changed relative to the index base period, so the level is only meaningful compared with other periods or other states on the same base.Federal Housing Finance Agency, All-Transactions House Price Index. Source
Statewide median from the Census Bureau's American Community Survey. Local rates vary enormously inside a state, and the spread between two counties in Minnesota will often exceed the spread between Minnesota and its neighbours. Use this to compare states, not to budget.
9 metro areas in Minnesota
Fastest: Duluth at +5.97%| Metro | 1 year | 5 year | 10 year |
|---|---|---|---|
| Duluth, MN-WI | +5.97% | +9.07% | +6.93% |
| Fargo, ND-MN | +4.51% | +6.4% | +4.52% |
| Grand Forks, ND-MN | +4.67% | +6.25% | +4.17% |
| La Crosse-Onalaska, WI-MN | +4.86% | +8.6% | +6.72% |
| Mankato, MN | +4.09% | +6.88% | +5.72% |
| Minneapolis-St. Paul-Bloomington, MN-WI | +3.46% | +5.76% | +5.72% |
| Rochester, MN | +3.11% | +6.69% | +6.4% |
| Sioux Falls, SD-MN | +3.28% | +7.72% | +6.56% |
| St. Cloud, MN | +2.25% | +7.03% | +6.05% |
What is your Minnesota home worth?
State averages tell you about the market, not about your house. Give us what you paid and when, and we will apply your own metro's index over exactly that period.
Value my homeMinnesota home values: common questions
Are home prices rising or falling in Minnesota?
Home prices in Minnesota changed +3.78% over the last year, ranking 27th of 51 states. Over five years the annualised rate is +6.36%, over ten +5.9%, and over thirty +4.24%. Figures come from the Federal Housing Finance Agency all-transactions house price index, data to 2026Q1.
Why does this page not show an average home price for Minnesota?
Because the FHFA publishes an index, not prices. An index measures how much prices have changed relative to a base period, so it supports statements about percentage change but cannot be converted into a dollar figure for the state. Quoting an index value as a price is the most common error made with this data.
What is the property tax rate in Minnesota?
The statewide effective property tax rate in Minnesota is about 1.09% of market value a year, which is roughly $4,360 on a $400,000 home. This is a statewide median from the Census Bureau American Community Survey. Local rates vary enormously within a state, and the spread between two counties in Minnesota will often exceed the spread between states, so use this to compare states rather than to budget.
How do I find out what my own Minnesota home is worth?
A state index describes the whole state, not your house. If you know what you paid and the year, our free tool applies the repeat-sales index for your own metropolitan area over exactly that period, which is the method the index was designed for. It is an estimate with a stated range, not an appraisal, and no lender will accept it.