Cities with the fastest-growing home prices in the Minneapolis metro area

Written by:
November 22, 2024
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Cities with the fastest-growing home prices in the Minneapolis metro area

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 $360,385 in October, 2.4% 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.

Stacker compiled a list of cities with the most expensive homes in the Minneapolis-St. Paul-Bloomington, MN-WI metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

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Stacker

#30. Annandale, MN

- 1-year price change: +$12,709 (+3.3%)
- 5-year price change: +$118,910 (+42.9%)
- Typical home value: $396,315 (#76 most expensive city in metro)

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Stacker

#29. Roberts, WI

- 1-year price change: +$13,069 (+3.3%)
- 5-year price change: +$115,872 (+39.7%)
- Typical home value: $407,974 (#67 most expensive city in metro)

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Stacker

#28. Cleveland, MN

- 1-year price change: +$13,191 (+3.7%)
- 5-year price change: +$110,243 (+43.0%)
- Typical home value: $366,879 (#102 most expensive city in metro)

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Stacker

#27. Beldenville, WI

- 1-year price change: +$13,198 (+3.5%)
- 5-year price change: +$94,562 (+31.5%)
- Typical home value: $394,750 (#80 most expensive city in metro)

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Stacker

#26. Baldwin, WI

- 1-year price change: +$13,567 (+4.4%)
- 5-year price change: +$109,375 (+50.7%)
- Typical home value: $324,945 (#153 most expensive city in metro)

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Stacker

#25. Stockholm, WI

- 1-year price change: +$13,622 (+4.1%)
- 5-year price change: +$119,381 (+52.0%)
- Typical home value: $349,004 (#126 most expensive city in metro)

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Stacker

#24. Stacy, MN

- 1-year price change: +$13,721 (+3.6%)
- 5-year price change: +$117,783 (+42.0%)
- Typical home value: $398,106 (#75 most expensive city in metro)

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Stacker

#23. New Richmond, WI

- 1-year price change: +$14,055 (+4.0%)
- 5-year price change: +$108,407 (+42.3%)
- Typical home value: $364,713 (#106 most expensive city in metro)

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Stacker

#22. Somerset, WI

- 1-year price change: +$14,203 (+3.7%)
- 5-year price change: +$127,146 (+46.7%)
- Typical home value: $399,381 (#73 most expensive city in metro)

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Stacker

#21. Shorewood, MN

- 1-year price change: +$14,217 (+1.9%)
- 5-year price change: +$200,433 (+36.6%)
- Typical home value: $747,514 (#13 most expensive city in metro)

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Stacker

#20. Prescott, WI

- 1-year price change: +$14,445 (+3.8%)
- 5-year price change: +$130,233 (+49.0%)
- Typical home value: $396,008 (#77 most expensive city in metro)

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Stacker

#19. River Falls, WI

- 1-year price change: +$14,877 (+4.0%)
- 5-year price change: +$107,597 (+38.1%)
- Typical home value: $389,737 (#84 most expensive city in metro)

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#18. Star Prairie, WI

- 1-year price change: +$15,512 (+4.4%)
- 5-year price change: +$106,033 (+41.1%)
- Typical home value: $364,117 (#110 most expensive city in metro)

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Stacker

#17. Scandia, MN

- 1-year price change: +$15,730 (+3.2%)
- 5-year price change: +$152,307 (+42.4%)
- Typical home value: $511,191 (#30 most expensive city in metro)

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Stacker

#16. Waterville, MN

- 1-year price change: +$15,995 (+5.4%)
- 5-year price change: +$113,136 (+56.6%)
- Typical home value: $312,998 (#170 most expensive city in metro)

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Stacker

#15. Hammond, WI

- 1-year price change: +$16,480 (+4.8%)
- 5-year price change: +$118,676 (+49.4%)
- Typical home value: $359,078 (#116 most expensive city in metro)

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Stacker

#14. Rush City, MN

- 1-year price change: +$16,566 (+7.1%)
- 5-year price change: +$73,466 (+41.8%)
- Typical home value: $249,047 (#204 most expensive city in metro)

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Stacker

#13. Hudson, WI

- 1-year price change: +$17,619 (+3.8%)
- 5-year price change: +$144,810 (+42.6%)
- Typical home value: $484,699 (#34 most expensive city in metro)

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Stacker

#12. Wayzata, MN

- 1-year price change: +$19,925 (+2.4%)
- 5-year price change: +$229,349 (+37.2%)
- Typical home value: $845,610 (#10 most expensive city in metro)

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#11. Houlton, WI

- 1-year price change: +$21,547 (+4.2%)
- 5-year price change: +$181,478 (+52.0%)
- Typical home value: $530,354 (#28 most expensive city in metro)

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Stacker

#10. Marine on Saint Croix, MN

- 1-year price change: +$21,752 (+3.8%)
- 5-year price change: +$181,425 (+43.7%)
- Typical home value: $596,415 (#19 most expensive city in metro)

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#9. Spring Park, MN

- 1-year price change: +$21,898 (+4.2%)
- 5-year price change: +$114,054 (+26.6%)
- Typical home value: $543,116 (#25 most expensive city in metro)

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Stacker

#8. Excelsior, MN

- 1-year price change: +$25,041 (+3.3%)
- 5-year price change: +$206,132 (+35.1%)
- Typical home value: $794,172 (#11 most expensive city in metro)

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Stacker

#7. North Oaks, MN

- 1-year price change: +$26,386 (+3.0%)
- 5-year price change: +$268,173 (+41.7%)
- Typical home value: $910,725 (#8 most expensive city in metro)

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Stacker

#6. Deephaven, MN

- 1-year price change: +$30,033 (+3.2%)
- 5-year price change: +$333,702 (+51.9%)
- Typical home value: $976,390 (#7 most expensive city in metro)

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Stacker

#5. Tonka Bay, MN

- 1-year price change: +$36,525 (+3.6%)
- 5-year price change: +$351,275 (+49.9%)
- Typical home value: $1,055,296 (#6 most expensive city in metro)

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#4. Greenwood, MN

- 1-year price change: +$38,815 (+2.5%)
- 5-year price change: +$506,787 (+47.9%)
- Typical home value: $1,565,389 (#3 most expensive city in metro)

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#3. Orono, MN

- 1-year price change: +$41,019 (+4.0%)
- 5-year price change: +$351,353 (+49.1%)
- Typical home value: $1,066,568 (#5 most expensive city in metro)

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#2. Woodland, MN

- 1-year price change: +$48,521 (+2.9%)
- 5-year price change: +$583,314 (+51.0%)
- Typical home value: $1,727,682 (#2 most expensive city in metro)

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Stacker

#1. Minnetonka Beach, MN

- 1-year price change: +$102,058 (+5.2%)
- 5-year price change: +$758,978 (+58.0%)
- Typical home value: $2,067,736 (#1 most expensive city in metro)

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