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1 / 30#30. Stanchfield, MN
- 1-year price change: +$22,486 (+5.8%)
- 5-year price change: +$70,318 (+20.9%)
- Typical home value: $407,386 (#88 most expensive city in metro)
Cities with the fastest-growing home prices in the Minneapolis metro area
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The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the most expensive homes in the Minneapolis-St. Paul-Bloomington, MN-WI metro area using data from . Charts show the monthly typical home value since January 2018.
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2 / 30#29. Saint Marys Point, MN
- 1-year price change: +$22,519 (+4.8%)
- 5-year price change: +$69,651 (+16.6%)
- Typical home value: $489,825 (#41 most expensive city in metro)
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3 / 30#28. North Oaks, MN
- 1-year price change: +$22,767 (+2.4%)
- 5-year price change: +$183,705 (+23.7%)
- Typical home value: $958,858 (#9 most expensive city in metro)
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4 / 30#27. Birchwood, MN
- 1-year price change: +$23,583 (+4.9%)
- 5-year price change: +$45,508 (+9.9%)
- Typical home value: $505,599 (#36 most expensive city in metro)
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5 / 30#26. Scandia, MN
- 1-year price change: +$23,719 (+4.5%)
- 5-year price change: +$88,312 (+19.0%)
- Typical home value: $553,763 (#30 most expensive city in metro)
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6 / 30#25. Randolph, MN
- 1-year price change: +$24,204 (+5.4%)
- 5-year price change: +$65,417 (+16.2%)
- Typical home value: $469,414 (#49 most expensive city in metro)
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7 / 30#24. Edina, MN
- 1-year price change: +$24,456 (+4.1%)
- 5-year price change: +$97,228 (+18.4%)
- Typical home value: $626,258 (#22 most expensive city in metro)
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8 / 30#23. Greenfield, MN
- 1-year price change: +$25,093 (+4.4%)
- 5-year price change: +$112,731 (+23.3%)
- Typical home value: $597,539 (#26 most expensive city in metro)
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9 / 30#22. Grant, MN
- 1-year price change: +$25,352 (+3.6%)
- 5-year price change: +$108,731 (+17.4%)
- Typical home value: $733,381 (#16 most expensive city in metro)
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10 / 30#21. Glenwood City, WI
- 1-year price change: +$26,835 (+9.2%)
- 5-year price change: +$71,305 (+28.7%)
- Typical home value: $319,682 (#184 most expensive city in metro)
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11 / 30#20. Ogilvie, MN
- 1-year price change: +$27,181 (+10.4%)
- 5-year price change: +$68,465 (+31.0%)
- Typical home value: $289,047 (#201 most expensive city in metro)
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12 / 30#19. Houlton, WI
- 1-year price change: +$27,354 (+5.2%)
- 5-year price change: +$124,506 (+29.2%)
- Typical home value: $550,422 (#31 most expensive city in metro)
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13 / 30#18. Pine Springs, MN
- 1-year price change: +$27,920 (+4.7%)
- 5-year price change: +$96,605 (+18.2%)
- Typical home value: $626,362 (#21 most expensive city in metro)
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14 / 30#17. Dellwood, MN
- 1-year price change: +$30,285 (+3.3%)
- 5-year price change: +$173,473 (+22.4%)
- Typical home value: $946,399 (#10 most expensive city in metro)
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15 / 30#16. Dalbo, MN
- 1-year price change: +$30,348 (+8.5%)
- 5-year price change: +$69,771 (+22.1%)
- Typical home value: $385,341 (#107 most expensive city in metro)
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16 / 30#15. Independence, MN
- 1-year price change: +$31,858 (+4.1%)
- 5-year price change: +$149,450 (+22.7%)
- Typical home value: $808,996 (#15 most expensive city in metro)
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17 / 30#14. Marine on Saint Croix, MN
- 1-year price change: +$32,075 (+5.4%)
- 5-year price change: +$115,891 (+22.5%)
- Typical home value: $631,432 (#20 most expensive city in metro)
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18 / 30#13. Spring Park, MN
- 1-year price change: +$33,008 (+6.0%)
- 5-year price change: +$93,833 (+19.1%)
- Typical home value: $585,339 (#27 most expensive city in metro)
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19 / 30#12. Wilson, WI
- 1-year price change: +$34,022 (+9.5%)
- 5-year price change: data is not available (data not available)
- Typical home value: $390,637 (#102 most expensive city in metro)
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20 / 30#11. Deephaven, MN
- 1-year price change: +$35,590 (+3.4%)
- 5-year price change: +$240,922 (+28.7%)
- Typical home value: $1,081,277 (#8 most expensive city in metro)
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21 / 30#10. Shorewood, MN
- 1-year price change: +$36,766 (+4.6%)
- 5-year price change: +$150,554 (+22.2%)
- Typical home value: $828,641 (#13 most expensive city in metro)
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22 / 30#9. Stockholm, WI
- 1-year price change: +$41,326 (+11.7%)
- 5-year price change: +$111,520 (+39.4%)
- Typical home value: $394,681 (#99 most expensive city in metro)
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23 / 30#8. Medicine Lake, MN
- 1-year price change: +$45,443 (+4.1%)
- 5-year price change: data is not available (data not available)
- Typical home value: $1,155,456 (#5 most expensive city in metro)
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24 / 30#7. Wayzata, MN
- 1-year price change: +$51,015 (+5.7%)
- 5-year price change: +$171,059 (+22.1%)
- Typical home value: $945,012 (#11 most expensive city in metro)
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25 / 30#6. Sunfish Lake, MN
- 1-year price change: +$55,388 (+4.6%)
- 5-year price change: +$125,222 (+11.1%)
- Typical home value: $1,250,498 (#4 most expensive city in metro)
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26 / 30#5. Orono, MN
- 1-year price change: +$70,603 (+6.5%)
- 5-year price change: +$278,043 (+31.7%)
- Typical home value: $1,154,275 (#6 most expensive city in metro)
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27 / 30#4. Tonka Bay, MN
- 1-year price change: +$89,335 (+8.6%)
- 5-year price change: +$268,839 (+31.2%)
- Typical home value: $1,129,962 (#7 most expensive city in metro)
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28 / 30#3. Woodland, MN
- 1-year price change: +$98,948 (+6.2%)
- 5-year price change: +$385,981 (+29.7%)
- Typical home value: $1,687,295 (#3 most expensive city in metro)
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29 / 30#2. Greenwood, MN
- 1-year price change: +$136,047 (+8.6%)
- 5-year price change: +$413,535 (+31.9%)
- Typical home value: $1,710,256 (#2 most expensive city in metro)
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30 / 30#1. Minnetonka Beach, MN
- 1-year price change: +$260,458 (+12.9%)
- 5-year price change: +$672,962 (+41.7%)
- Typical home value: $2,287,078 (#1 most expensive city in metro)
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