Cities with the most expensive homes in Minnesota

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January 23, 2026
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Cities with the most expensive homes in Minnesota

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $359,078 in December, 0.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of January 15, the sits at 6.06%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in Minnesota using data from . Cities are ranked by the Zillow Home Values Index for all homes as of December 2025. The charts in this story were created automatically using .

Metros with the most cities in the top 30 in Minnesota
#1. Minneapolis-St. Paul-Bloomington, MN-WI: 26
#2. Brainerd, MN: 3
#3. Faribault-Northfield, MN: 1

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#30. Webster

- Typical home value: $547,813
- 1-year price change: +3.9%
- 5-year price change: +25.2%
- Metro area: Faribault-Northfield, MN

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#29. Nisswa

- Typical home value: $556,312
- 1-year price change: +4.0%
- 5-year price change: +47.6%
- Metro area: Brainerd, MN

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#28. Spring Park

- Typical home value: $559,802
- 1-year price change: +9.3%
- 5-year price change: +31.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#27. Greenfield

- Typical home value: $570,043
- 1-year price change: +4.9%
- 5-year price change: +35.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#26. Pine Springs

- Typical home value: $581,567
- 1-year price change: +2.5%
- 5-year price change: +29.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#25. Edina

- Typical home value: $587,749
- 1-year price change: +2.8%
- 5-year price change: +26.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#24. Gem Lake

- Typical home value: $590,281
- 1-year price change: +2.9%
- 5-year price change: +28.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#23. Marine on Saint Croix

- Typical home value: $591,679
- 1-year price change: +4.0%
- 5-year price change: +34.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#22. Victoria

- Typical home value: $592,648
- 1-year price change: +0.1%
- 5-year price change: +24.4%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#21. Corcoran

- Typical home value: $594,307
- 1-year price change: +2.1%
- 5-year price change: +26.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#20. Lake Elmo

- Typical home value: $607,744
- 1-year price change: +2.1%
- 5-year price change: +26.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#19. East Gull Lake

- Typical home value: $658,066
- 1-year price change: +5.3%
- 5-year price change: +51.1%
- Metro area: Brainerd, MN

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#18. Minnetrista

- Typical home value: $666,471
- 1-year price change: +2.2%
- 5-year price change: +29.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#17. Afton

- Typical home value: $689,201
- 1-year price change: +3.8%
- 5-year price change: +30.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#16. Grant

- Typical home value: $692,240
- 1-year price change: +3.4%
- 5-year price change: +30.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#15. Lake Shore

- Typical home value: $720,129
- 1-year price change: +5.0%
- 5-year price change: +54.9%
- Metro area: Brainerd, MN

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#14. Independence

- Typical home value: $767,969
- 1-year price change: +2.6%
- 5-year price change: +36.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#13. Shorewood

- Typical home value: $776,101
- 1-year price change: +3.1%
- 5-year price change: +32.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#12. Medina

- Typical home value: $800,109
- 1-year price change: +2.1%
- 5-year price change: +30.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#11. Excelsior

- Typical home value: $800,624
- 1-year price change: -0.4%
- 5-year price change: +24.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#10. Dellwood

- Typical home value: $879,228
- 1-year price change: +2.7%
- 5-year price change: +38.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#9. Wayzata

- Typical home value: $880,980
- 1-year price change: +4.3%
- 5-year price change: +32.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#8. North Oaks

- Typical home value: $910,481
- 1-year price change: +1.7%
- 5-year price change: +35.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#7. Deephaven

- Typical home value: $1,013,971
- 1-year price change: +2.3%
- 5-year price change: +43.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#6. Tonka Bay

- Typical home value: $1,044,233
- 1-year price change: +4.5%
- 5-year price change: +41.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#5. Orono

- Typical home value: $1,073,991
- 1-year price change: +4.9%
- 5-year price change: +47.4%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#4. Sunfish Lake

- Typical home value: $1,150,359
- 1-year price change: +4.0%
- 5-year price change: +22.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#3. Greenwood

- Typical home value: $1,594,649
- 1-year price change: +6.3%
- 5-year price change: +43.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#2. Woodland

- Typical home value: $1,652,751
- 1-year price change: +5.9%
- 5-year price change: +46.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#1. Minnetonka Beach

- Typical home value: $2,179,958
- 1-year price change: +11.3%
- 5-year price change: +55.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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