Cities With the Fastest-growing Home Prices in the Minneapolis Metro Area

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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 $358,461 in December, 2.6% 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. Cleveland, MN

- 1-year price change: +$17,822 (+5.1%)
- 5-year price change: +$112,651 (+44.4%)
- Typical home value: $366,272 (#101 most expensive city in metro)

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Stacker

#29. Somerset, WI

- 1-year price change: +$17,945 (+4.8%)
- 5-year price change: +$124,483 (+47.1%)
- Typical home value: $389,029 (#77 most expensive city in metro)

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Stacker

#28. Waterville, MN

- 1-year price change: +$17,996 (+6.2%)
- 5-year price change: +$111,820 (+57.3%)
- Typical home value: $306,801 (#171 most expensive city in metro)

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Stacker

#27. Star Prairie, WI

- 1-year price change: +$18,054 (+5.4%)
- 5-year price change: +$101,074 (+39.9%)
- Typical home value: $354,547 (#118 most expensive city in metro)

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Stacker

#26. Henderson, MN

- 1-year price change: +$18,188 (+5.6%)
- 5-year price change: +$97,218 (+39.4%)
- Typical home value: $344,194 (#128 most expensive city in metro)

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Stacker

#25. Prescott, WI

- 1-year price change: +$18,441 (+5.0%)
- 5-year price change: +$127,408 (+48.7%)
- Typical home value: $389,115 (#76 most expensive city in metro)

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Stacker

#24. Hammond, WI

- 1-year price change: +$18,553 (+5.6%)
- 5-year price change: +$116,488 (+49.4%)
- Typical home value: $352,199 (#119 most expensive city in metro)

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Stacker

#23. Dellwood, MN

- 1-year price change: +$18,570 (+2.2%)
- 5-year price change: +$263,705 (+42.8%)
- Typical home value: $879,137 (#10 most expensive city in metro)

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Stacker

#22. Greenfield, MN

- 1-year price change: +$20,126 (+3.9%)
- 5-year price change: +$154,655 (+40.1%)
- Typical home value: $540,737 (#26 most expensive city in metro)

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Stacker

#21. Beldenville, WI

- 1-year price change: +$20,130 (+5.6%)
- 5-year price change: +$91,725 (+31.9%)
- Typical home value: $379,435 (#90 most expensive city in metro)

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Stacker

#20. Medina, MN

- 1-year price change: +$20,233 (+2.7%)
- 5-year price change: +$207,863 (+36.5%)
- Typical home value: $777,066 (#13 most expensive city in metro)

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Stacker

#19. Stockholm, WI

- 1-year price change: +$20,826 (+6.6%)
- 5-year price change: +$116,224 (+52.6%)
- Typical home value: $337,252 (#134 most expensive city in metro)

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Stacker

#18. Grant, MN

- 1-year price change: +$21,047 (+3.2%)
- 5-year price change: +$184,756 (+37.6%)
- Typical home value: $676,383 (#16 most expensive city in metro)

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Stacker

#17. Hudson, WI

- 1-year price change: +$21,110 (+4.7%)
- 5-year price change: +$142,385 (+43.2%)
- Typical home value: $472,145 (#38 most expensive city in metro)

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Stacker

#16. Scandia, MN

- 1-year price change: +$21,652 (+4.5%)
- 5-year price change: +$152,496 (+43.1%)
- Typical home value: $506,379 (#30 most expensive city in metro)

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Stacker

#15. Independence, MN

- 1-year price change: +$22,068 (+3.1%)
- 5-year price change: +$225,941 (+45.4%)
- Typical home value: $723,731 (#15 most expensive city in metro)

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Stacker

#14. Spring Park, MN

- 1-year price change: +$22,123 (+4.3%)
- 5-year price change: +$110,245 (+25.7%)
- Typical home value: $539,324 (#27 most expensive city in metro)

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Stacker

#13. Marine on Saint Croix, MN

- 1-year price change: +$25,434 (+4.6%)
- 5-year price change: +$174,372 (+42.7%)
- Typical home value: $582,867 (#20 most expensive city in metro)

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Stacker

#12. Shorewood, MN

- 1-year price change: +$26,798 (+3.8%)
- 5-year price change: +$201,320 (+37.5%)
- Typical home value: $738,282 (#14 most expensive city in metro)

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Stacker

#11. Wayzata, MN

- 1-year price change: +$27,094 (+3.4%)
- 5-year price change: +$222,316 (+36.6%)
- Typical home value: $829,125 (#11 most expensive city in metro)

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Stacker

#10. Houlton, WI

- 1-year price change: +$28,092 (+6.0%)
- 5-year price change: +$172,644 (+52.9%)
- Typical home value: $499,099 (#32 most expensive city in metro)

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Stacker

#9. Deephaven, MN

- 1-year price change: +$32,077 (+3.5%)
- 5-year price change: +$328,015 (+51.9%)
- Typical home value: $960,277 (#8 most expensive city in metro)

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Stacker

#8. Medicine Lake, MN

- 1-year price change: +$34,269 (+3.1%)
- 5-year price change: +$328,015 (data not available)
- Typical home value: $1,125,531 (#4 most expensive city in metro)