Cities with the most expensive homes in Minneapolis metro area

Written by:
麻豆原创
April 19, 2023
FOTOGRIN // Shutterstock

Cities with the most expensive homes in Minneapolis metro area

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. Given the current state of the real estate market, plays a determining role for buyers. As of April 4, 2023, the sits at 6.3%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by 4.4% to $328,604.

Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.

compiled a list of cities with the most expensive homes in Minneapolis using data from . Cities are ranked by the Zillow Home Values Index for all homes as of February 2023. The ZVHI represents a seasonally adjusted price for the middle market for all homes. Data was available for 207 cities and towns in Minneapolis. Charts for each city show the monthly typical home value since January 2018.

You may also like: The most expensive homes sold in Minneapolis this year
1 / 30
麻豆原创

#30. Dayton, MN

- Typical home value: $470,374
- 1-year price change: +3.5%
- 5-year price change: +42.7%

2 / 30
麻豆原创

#29. Prior Lake, MN

- Typical home value: $474,023
- 1-year price change: +2.9%
- 5-year price change: +40.6%

3 / 30
麻豆原创

#28. Spring Park, MN

- Typical home value: $481,317
- 1-year price change: -4.2%
- 5-year price change: +14.0%

4 / 30
麻豆原创

#27. Chanhassen, MN

- Typical home value: $482,106
- 1-year price change: +1.5%
- 5-year price change: +31.4%

5 / 30
麻豆原创

#26. Mendota Heights, MN

- Typical home value: $494,118
- 1-year price change: +1.1%
- 5-year price change: +29.3%

You may also like: Highest-paying computer and engineering jobs in Minneapolis
6 / 30
麻豆原创

#25. Victoria, MN

- Typical home value: $516,789
- 1-year price change: +1.1%
- 5-year price change: +30.8%

7 / 30
麻豆原创

#24. Gem Lake, MN

- Typical home value: $534,295
- 1-year price change: +7.5%
- 5-year price change: +41.8%

8 / 30
麻豆原创

#23. Marine on Saint Croix, MN

- Typical home value: $536,279
- 1-year price change: +3.6%
- 5-year price change: +41.2%

9 / 30
麻豆原创

#22. Corcoran, MN

- Typical home value: $538,051
- 1-year price change: +6.3%
- 5-year price change: +43.8%

10 / 30
麻豆原创

#21. Greenfield, MN

- Typical home value: $556,131
- 1-year price change: +9.5%
- 5-year price change: +46.1%

You may also like: Best places to live in the Minneapolis metro area
11 / 30
麻豆原创

#20. Pine Springs, MN

- Typical home value: $558,633
- 1-year price change: +2.5%
- 5-year price change: +36.6%

12 / 30
麻豆原创

#19. Edina, MN

- Typical home value: $564,566
- 1-year price change: +2.8%
- 5-year price change: +33.0%

13 / 30
麻豆原创

#18. Lake Elmo, MN

- Typical home value: $601,014
- 1-year price change: +2.1%
- 5-year price change: +34.2%

14 / 30
麻豆原创

#17. Afton, MN

- Typical home value: $631,140
- 1-year price change: +4.3%
- 5-year price change: +38.4%

15 / 30
麻豆原创

#16. Grant, MN

- Typical home value: $637,041
- 1-year price change: +2.9%
- 5-year price change: +29.7%

You may also like: Minneapolis' 2025 housing market year in review
16 / 30
麻豆原创

#15. Minnetrista, MN

- Typical home value: $640,924
- 1-year price change: +5.8%
- 5-year price change: +44.3%

17 / 30
麻豆原创

#14. Independence, MN

- Typical home value: $659,189
- 1-year price change: +9.7%
- 5-year price change: +45.8%

18 / 30
麻豆原创

#13. Shorewood, MN

- Typical home value: $672,491
- 1-year price change: +4.8%
- 5-year price change: +35.5%

19 / 30
麻豆原创

#12. Excelsior, MN

- Typical home value: $711,680
- 1-year price change: +3.8%
- 5-year price change: +49.7%

20 / 30
麻豆原创

#11. Wayzata, MN

- Typical home value: $755,774
- 1-year price change: +4.3%
- 5-year price change: +48.7%

You may also like: Highest-paying jobs in Minneapolis that require a graduate degree
21 / 30
麻豆原创

#10. Medina, MN

- Typical home value: $778,556
- 1-year price change: +5.4%
- 5-year price change: +45.5%

22 / 30
麻豆原创

#9. Dellwood, MN

- Typical home value: $813,359
- 1-year price change: +5.8%
- 5-year price change: +40.1%

23 / 30
麻豆原创

#8. North Oaks, MN

- Typical home value: $824,794
- 1-year price change: +5.0%
- 5-year price change: +30.0%

24 / 30
麻豆原创

#7. Deephaven, MN

- Typical home value: $868,845
- 1-year price change: +4.4%
- 5-year price change: +38.9%

25 / 30
麻豆原创

#6. Tonka Bay, MN

- Typical home value: $930,969
- 1-year price change: +7.1%
- 5-year price change: +49.9%

You may also like: How much it costs to park at Minneapolis鈥揝aint Paul International Airport
26 / 30
麻豆原创

#5. Orono, MN

- Typical home value: $951,243
- 1-year price change: +5.7%
- 5-year price change: +54.2%

27 / 30
麻豆原创

#4. Sunfish Lake, MN

- Typical home value: $1,082,472
- 1-year price change: +0.6%
- 5-year price change: +36.1%

28 / 30
麻豆原创

#3. Greenwood, MN

- Typical home value: $1,371,016
- 1-year price change: +6.1%
- 5-year price change: +44.7%

29 / 30
麻豆原创

#2. Woodland, MN

- Typical home value: $1,444,294
- 1-year price change: +7.3%
- 5-year price change: +47.7%

30 / 30
麻豆原创

#1. Minnetonka Beach, MN

- Typical home value: $1,825,920
- 1-year price change: +1.6%
- 5-year price change: +50.4%

You may also like: Highest-rated Tex-Mex restaurants in Minneapolis by diners

Trending Now