Home prices continue to rise in many parts of Minnesota, but some cities are seeing much bigger increases than others. New data from Zillow shows that home values increased sharply in several Minnesota communities over the past year. While higher mortgage rates have slowed the housing market in some areas, limited housing supply and continued demand are still pushing prices higher in many cities.
Stacker ranked 50 Minnesota cities and towns based on the dollar increase in typical home values during the 12 months ending in July 2026. The numbers show that some smaller communities are seeing strong growth, while several expensive suburbs around Minneapolis are also posting large dollar gains.
Home Prices Continue to Rise Across Minnesota
Minnesota’s housing market remains active even though higher mortgage rates have made buying a home more expensive. Buyers in areas with limited housing choices continue to compete for available properties, which can push prices higher.
The data also shows that price growth is not limited to the state’s largest cities. Smaller communities across Minnesota are seeing significant increases in home values. In some places, prices have climbed by more than 10% in just one year.
For example, Meadowlands had a typical home value of $191,384, but that value increased 17.6% in one year. Clinton saw an even larger percentage increase, with home values rising 17.9% to $248,716.
Minnetonka Beach Leads the State
Minnetonka Beach ranked No. 1 among the 50 cities included in the study based on the dollar increase in home values. The typical home in Minnetonka Beach was worth about $2.35 million in July 2026. That was an increase of nearly $298,000, or 14.5%, from the previous year.
Over five years, the typical home value increased by about $732,000, representing a 45.2% gain. The community is part of the Minneapolis-St. Paul-Bloomington metro area and has some of the highest home values in the state.
Other High-Value Cities See Large Gains
Several other expensive communities near Minneapolis also saw large increases in home values. Greenwood ranked second, with a typical home value of about $1.71 million. Its value increased by approximately $144,000, or 9.2%, in one year.
Woodland ranked third. The typical home value there reached about $1.70 million, an increase of nearly $105,000 from the previous year. Tonka Bay ranked fourth, with a typical home value of about $1.13 million after an increase of roughly $89,000.
Orono ranked fifth, with a typical home value of about $1.16 million. Its value increased by about $69,000 over the year. These numbers show that even markets with already expensive homes can continue to see significant dollar increases when property values rise.
Smaller Cities Are Also Seeing Fast Growth
Some of the biggest percentage increases are happening in smaller Minnesota communities. Holland ranked 16th, with home values rising 17.4% over the year. Clinton ranked 17th with a 17.9% increase, while Meadowlands saw a 17.6% increase.
Lynd also recorded strong growth, with its typical home value rising 15.5% to about $258,881. Comfrey’s typical home value increased 13.9%, reaching about $286,323.
These examples show that buyers looking outside major metropolitan areas are not necessarily finding markets where prices are standing still. Smaller communities can also experience strong increases when demand rises and the number of available homes remains limited.
What the Numbers Mean for Home Buyers and Sellers
The latest data shows that Minnesota’s housing market is changing at different speeds depending on the location. For sellers, rising home values can create an opportunity to receive a higher price for a property. However, buyers may face a tougher market, especially in communities where prices are increasing quickly.
Mortgage rates remain another important factor. Higher borrowing costs can make monthly payments more expensive, even when home prices are not rising rapidly. This can make affordability a challenge for buyers who are already dealing with higher property prices.
Overall, the data suggests that Minnesota’s housing market remains strong in many communities. From expensive lakefront and suburban areas to smaller towns, home values have continued to climb. The biggest gains are not concentrated in just one part of the state, showing that local housing conditions can have a major effect on property values.
10 Minnesota Cities Where Home Values Are Growing the Fastest
Home prices continue to rise in many parts of Minnesota, but some cities are seeing much bigger increases than others. New data from Zillow shows that home values increased sharply in several Minnesota communities over the past year. While higher mortgage rates have slowed the housing market in some areas, limited housing supply and continued demand are still pushing prices higher in many cities.
Stacker ranked 50 Minnesota cities and towns based on the dollar increase in typical home values during the 12 months ending in July 2026. The numbers show that some smaller communities are seeing strong growth, while several expensive suburbs around Minneapolis are also posting large dollar gains.
Home Prices Continue to Rise Across Minnesota
Minnesota’s housing market remains active even though higher mortgage rates have made buying a home more expensive. Buyers in areas with limited housing choices continue to compete for available properties, which can push prices higher.
The data also shows that price growth is not limited to the state’s largest cities. Smaller communities across Minnesota are seeing significant increases in home values. In some places, prices have climbed by more than 10% in just one year.
For example, Meadowlands had a typical home value of $191,384, but that value increased 17.6% in one year. Clinton saw an even larger percentage increase, with home values rising 17.9% to $248,716.
Minnetonka Beach Leads the State
Minnetonka Beach ranked No. 1 among the 50 cities included in the study based on the dollar increase in home values. The typical home in Minnetonka Beach was worth about $2.35 million in July 2026. That was an increase of nearly $298,000, or 14.5%, from the previous year.
Over five years, the typical home value increased by about $732,000, representing a 45.2% gain. The community is part of the Minneapolis-St. Paul-Bloomington metro area and has some of the highest home values in the state.
Other High-Value Cities See Large Gains
Several other expensive communities near Minneapolis also saw large increases in home values. Greenwood ranked second, with a typical home value of about $1.71 million. Its value increased by approximately $144,000, or 9.2%, in one year.
Woodland ranked third. The typical home value there reached about $1.70 million, an increase of nearly $105,000 from the previous year. Tonka Bay ranked fourth, with a typical home value of about $1.13 million after an increase of roughly $89,000.
Orono ranked fifth, with a typical home value of about $1.16 million. Its value increased by about $69,000 over the year. These numbers show that even markets with already expensive homes can continue to see significant dollar increases when property values rise.
Smaller Cities Are Also Seeing Fast Growth
Some of the biggest percentage increases are happening in smaller Minnesota communities. Holland ranked 16th, with home values rising 17.4% over the year. Clinton ranked 17th with a 17.9% increase, while Meadowlands saw a 17.6% increase.
Lynd also recorded strong growth, with its typical home value rising 15.5% to about $258,881. Comfrey’s typical home value increased 13.9%, reaching about $286,323.
These examples show that buyers looking outside major metropolitan areas are not necessarily finding markets where prices are standing still. Smaller communities can also experience strong increases when demand rises and the number of available homes remains limited.
What the Numbers Mean for Home Buyers and Sellers
The latest data shows that Minnesota’s housing market is changing at different speeds depending on the location. For sellers, rising home values can create an opportunity to receive a higher price for a property. However, buyers may face a tougher market, especially in communities where prices are increasing quickly.
Mortgage rates remain another important factor. Higher borrowing costs can make monthly payments more expensive, even when home prices are not rising rapidly. This can make affordability a challenge for buyers who are already dealing with higher property prices.
Overall, the data suggests that Minnesota’s housing market remains strong in many communities. From expensive lakefront and suburban areas to smaller towns, home values have continued to climb. The biggest gains are not concentrated in just one part of the state, showing that local housing conditions can have a major effect on property values.
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