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 $366,913 in September, 1.0% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of October 15, the sits at 7.4%.

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 September 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

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#30. Mendota Heights

- Typical home value: $570,654
- 1-year price change: +3.3%
- 5-year price change: +15.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#29. Nisswa

- Typical home value: $582,817
- 1-year price change: +3.4%
- 5-year price change: +28.8%
- Metro area: Brainerd, MN

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#28. Spring Park

- Typical home value: $586,007
- 1-year price change: +5.4%
- 5-year price change: +16.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#27. Greenfield

- Typical home value: $595,152
- 1-year price change: +4.0%
- 5-year price change: +23.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#26. Corcoran

- Typical home value: $607,290
- 1-year price change: +0.8%
- 5-year price change: +12.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#25. Gem Lake

- Typical home value: $614,228
- 1-year price change: +3.4%
- 5-year price change: +18.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#24. Pine Springs

- Typical home value: $621,198
- 1-year price change: +4.7%
- 5-year price change: +18.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#23. Victoria

- Typical home value: $621,964
- 1-year price change: +3.6%
- 5-year price change: +12.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#22. Edina

- Typical home value: $624,597
- 1-year price change: +4.3%
- 5-year price change: +18.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#21. Marine on Saint Croix

- Typical home value: $628,320
- 1-year price change: +5.1%
- 5-year price change: +22.4%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#20. Lake Elmo

- Typical home value: $643,791
- 1-year price change: +3.4%
- 5-year price change: +16.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#19. Minnetrista

- Typical home value: $685,951
- 1-year price change: +2.6%
- 5-year price change: +15.1%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#18. East Gull Lake

- Typical home value: $700,857
- 1-year price change: +5.6%
- 5-year price change: +32.0%
- Metro area: Brainerd, MN

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#17. Afton

- Typical home value: $724,410
- 1-year price change: +2.9%
- 5-year price change: +16.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#16. Grant

- Typical home value: $731,456
- 1-year price change: +3.6%
- 5-year price change: +18.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#15. Lake Shore

- Typical home value: $750,203
- 1-year price change: +3.5%
- 5-year price change: +33.1%
- Metro area: Brainerd, MN

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#14. Excelsior

- Typical home value: $806,971
- 1-year price change: +0.3%
- 5-year price change: +11.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#13. Independence

- Typical home value: $810,853
- 1-year price change: +3.9%
- 5-year price change: +22.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#12. Shorewood

- Typical home value: $829,776
- 1-year price change: +4.8%
- 5-year price change: +22.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#11. Medina

- Typical home value: $840,236
- 1-year price change: +1.5%
- 5-year price change: +16.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#10. Wayzata

- Typical home value: $938,281
- 1-year price change: +5.7%
- 5-year price change: +21.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#9. Dellwood

- Typical home value: $941,429
- 1-year price change: +3.5%
- 5-year price change: +22.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#8. North Oaks

- Typical home value: $952,892
- 1-year price change: +2.7%
- 5-year price change: +23.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#7. Deephaven

- Typical home value: $1,092,848
- 1-year price change: +3.5%
- 5-year price change: +28.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#6. Tonka Bay

- Typical home value: $1,137,865
- 1-year price change: +8.3%
- 5-year price change: +30.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#5. Orono

- Typical home value: $1,146,798
- 1-year price change: +6.4%
- 5-year price change: +30.4%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#4. Sunfish Lake

- Typical home value: $1,246,852
- 1-year price change: +5.0%
- 5-year price change: +11.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#3. Woodland

- Typical home value: $1,667,838
- 1-year price change: +5.1%
- 5-year price change: +28.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#2. Greenwood

- Typical home value: $1,733,525
- 1-year price change: +7.7%
- 5-year price change: +29.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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#1. Minnetonka Beach

- Typical home value: $2,292,919
- 1-year price change: +10.8%
- 5-year price change: +38.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI

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