Cities with the most expensive homes in Minnesota

Written by:
July 17, 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 $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

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#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

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#29. Nisswa

- Typical home value: $589,624
- 1-year price change: +5.0%
- 5-year price change: +33.2%
- Metro area: Brainerd, MN

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#15. Lake Shore

- Typical home value: $768,668
- 1-year price change: +5.7%
- 5-year price change: +41.3%
- Metro area: Brainerd, MN

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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#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

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