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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the sits at 6.55%.
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 June 2026. 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: 27
#2. Brainerd, MN: 3
#30. Mendota Heights
- Typical home value: $581,101
- 1-year price change: +4.2%
- 5-year price change: +16.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#29. Nisswa
- Typical home value: $589,624
- 1-year price change: +5.0%
- 5-year price change: +33.2%
- Metro area: Brainerd, MN
#28. Spring Park
- Typical home value: $594,815
- 1-year price change: +7.1%
- 5-year price change: +25.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#27. Greenfield
- Typical home value: $608,184
- 1-year price change: +5.1%
- 5-year price change: +26.4%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#26. Corcoran
- Typical home value: $608,218
- 1-year price change: +0.9%
- 5-year price change: +16.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#25. Victoria
- Typical home value: $624,127
- 1-year price change: +2.5%
- 5-year price change: +16.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#24. Gem Lake
- Typical home value: $625,388
- 1-year price change: +3.2%
- 5-year price change: +19.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#23. Pine Springs
- Typical home value: $630,694
- 1-year price change: +4.4%
- 5-year price change: +19.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#22. Marine on Saint Croix
- Typical home value: $635,471
- 1-year price change: +6.1%
- 5-year price change: +25.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#21. Edina
- Typical home value: $635,999
- 1-year price change: +3.9%
- 5-year price change: +20.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#20. Lake Elmo
- Typical home value: $638,137
- 1-year price change: +2.2%
- 5-year price change: +16.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#19. Minnetrista
- Typical home value: $695,447
- 1-year price change: +2.7%
- 5-year price change: +18.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#18. East Gull Lake
- Typical home value: $705,965
- 1-year price change: +5.3%
- 5-year price change: +39.6%
- Metro area: Brainerd, MN
#17. Grant
- Typical home value: $735,794
- 1-year price change: +3.7%
- 5-year price change: +19.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#16. Afton
- Typical home value: $738,198
- 1-year price change: +3.1%
- 5-year price change: +19.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#15. Lake Shore
- Typical home value: $768,668
- 1-year price change: +5.7%
- 5-year price change: +41.3%
- Metro area: Brainerd, MN
#14. Excelsior
- Typical home value: $817,539
- 1-year price change: +0.3%
- 5-year price change: +15.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#13. Independence
- Typical home value: $819,203
- 1-year price change: +4.6%
- 5-year price change: +26.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#12. Shorewood
- Typical home value: $834,881
- 1-year price change: +4.6%
- 5-year price change: +23.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#11. Medina
- Typical home value: $847,318
- 1-year price change: +1.3%
- 5-year price change: +21.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#10. Wayzata
- Typical home value: $946,444
- 1-year price change: +5.5%
- 5-year price change: +24.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#9. Dellwood
- Typical home value: $953,487
- 1-year price change: +2.8%
- 5-year price change: +24.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#8. North Oaks
- Typical home value: $967,961
- 1-year price change: +2.1%
- 5-year price change: +26.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#7. Deephaven
- Typical home value: $1,096,250
- 1-year price change: +3.7%
- 5-year price change: +32.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#6. Tonka Bay
- Typical home value: $1,143,052
- 1-year price change: +8.6%
- 5-year price change: +34.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#5. Orono
- Typical home value: $1,155,624
- 1-year price change: +6.5%
- 5-year price change: +36.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#4. Sunfish Lake
- Typical home value: $1,247,338
- 1-year price change: +4.0%
- 5-year price change: +12.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#3. Greenwood
- Typical home value: $1,709,359
- 1-year price change: +9.7%
- 5-year price change: +36.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#2. Woodland
- Typical home value: $1,726,925
- 1-year price change: +6.4%
- 5-year price change: +32.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#1. Minnetonka Beach
- Typical home value: $2,378,608
- 1-year price change: +15.8%
- 5-year price change: +49.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI