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 $361,371 in February, 0.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 19, the sits at 6.22%.
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 February 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: $551,386
- 1-year price change: +4.6%
- 5-year price change: +23.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#29. Nisswa
- Typical home value: $557,021
- 1-year price change: +4.9%
- 5-year price change: +43.9%
- Metro area: Brainerd, MN
#28. Spring Park
- Typical home value: $561,717
- 1-year price change: +9.1%
- 5-year price change: +30.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#27. Greenfield
- Typical home value: $573,479
- 1-year price change: +4.6%
- 5-year price change: +33.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#26. Pine Springs
- Typical home value: $593,998
- 1-year price change: +2.8%
- 5-year price change: +26.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#25. Corcoran
- Typical home value: $596,829
- 1-year price change: +1.4%
- 5-year price change: +24.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#24. Marine on Saint Croix
- Typical home value: $600,479
- 1-year price change: +5.3%
- 5-year price change: +32.5%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#23. Gem Lake
- Typical home value: $600,544
- 1-year price change: +2.6%
- 5-year price change: +26.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#22. Victoria
- Typical home value: $602,127
- 1-year price change: +0.6%
- 5-year price change: +22.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#21. Edina
- Typical home value: $602,801
- 1-year price change: +3.1%
- 5-year price change: +24.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#20. Lake Elmo
- Typical home value: $616,666
- 1-year price change: +1.5%
- 5-year price change: +23.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#19. East Gull Lake
- Typical home value: $663,043
- 1-year price change: +5.3%
- 5-year price change: +48.1%
- Metro area: Brainerd, MN
#18. Minnetrista
- Typical home value: $669,566
- 1-year price change: +2.0%
- 5-year price change: +26.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#17. Afton
- Typical home value: $695,691
- 1-year price change: +3.8%
- 5-year price change: +27.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#16. Grant
- Typical home value: $698,454
- 1-year price change: +3.2%
- 5-year price change: +26.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#15. Lake Shore
- Typical home value: $722,674
- 1-year price change: +5.7%
- 5-year price change: +50.9%
- Metro area: Brainerd, MN
#14. Independence
- Typical home value: $770,525
- 1-year price change: +2.9%
- 5-year price change: +34.8%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#13. Shorewood
- Typical home value: $787,979
- 1-year price change: +3.5%
- 5-year price change: +30.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#12. Excelsior
- Typical home value: $818,921
- 1-year price change: -0.5%
- 5-year price change: +21.6%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#11. Medina
- Typical home value: $819,254
- 1-year price change: +1.4%
- 5-year price change: +28.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#10. Wayzata
- Typical home value: $892,238
- 1-year price change: +5.0%
- 5-year price change: +31.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#9. Dellwood
- Typical home value: $894,510
- 1-year price change: +2.7%
- 5-year price change: +33.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#8. North Oaks
- Typical home value: $921,425
- 1-year price change: +2.0%
- 5-year price change: +32.9%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#7. Deephaven
- Typical home value: $1,032,306
- 1-year price change: +3.2%
- 5-year price change: +40.2%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#6. Tonka Bay
- Typical home value: $1,064,963
- 1-year price change: +6.2%
- 5-year price change: +39.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#5. Orono
- Typical home value: $1,086,024
- 1-year price change: +6.1%
- 5-year price change: +46.3%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#4. Sunfish Lake
- Typical home value: $1,165,446
- 1-year price change: +5.5%
- 5-year price change: +21.0%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#3. Greenwood
- Typical home value: $1,605,732
- 1-year price change: +8.6%
- 5-year price change: +42.4%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#2. Woodland
- Typical home value: $1,617,565
- 1-year price change: +5.8%
- 5-year price change: +41.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
#1. Minnetonka Beach
- Typical home value: $2,227,344
- 1-year price change: +14.9%
- 5-year price change: +54.7%
- Metro area: Minneapolis-St. Paul-Bloomington, MN-WI