Cities with the fastest-growing home prices in the Minneapolis metro area
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May 2, 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.
In March, the typical home value in the United States was $355,696, 4.6% higher than the previous year.
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 fastest-growing home prices in the Minneapolis metro area using Zillow data. Cities are ranked by their one-year price change as of March 2024.
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Stacker
#30. Independence, MN
- 1-year price change: +$12,944 (+1.9%)
- 5-year price change: +$200,796 (+39.5%)
- Typical home value: $709,536 (#14 most expensive city in metro)
- 5-year price change: +$200,796 (+39.5%)
- Typical home value: $709,536 (#14 most expensive city in metro)
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Stacker
#29. Ellsworth, WI
- 1-year price change: +$13,001 (+4.4%)
- 5-year price change: +$95,114 (+44.0%)
- Typical home value: $311,429 (#170 most expensive city in metro)
- 5-year price change: +$95,114 (+44.0%)
- Typical home value: $311,429 (#170 most expensive city in metro)
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Stacker
#28. Hanover, MN
- 1-year price change: +$13,025 (+3.1%)
- 5-year price change: +$112,846 (+35.1%)
- Typical home value: $434,487 (#51 most expensive city in metro)
- 5-year price change: +$112,846 (+35.1%)
- Typical home value: $434,487 (#51 most expensive city in metro)
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Stacker
#27. Prescott, WI
- 1-year price change: +$13,127 (+3.5%)
- 5-year price change: +$125,782 (+48.2%)
- Typical home value: $386,545 (#84 most expensive city in metro)
- 5-year price change: +$125,782 (+48.2%)
- Typical home value: $386,545 (#84 most expensive city in metro)
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Stacker
#26. Hampton, MN
- 1-year price change: +$13,302 (+4.0%)
- 5-year price change: +$88,248 (+34.0%)
- Typical home value: $347,732 (#125 most expensive city in metro)
- 5-year price change: +$88,248 (+34.0%)
- Typical home value: $347,732 (#125 most expensive city in metro)
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Stacker
#25. Columbus, MN
- 1-year price change: +$13,503 (+3.1%)
- 5-year price change: +$125,220 (+39.5%)
- Typical home value: $442,421 (#50 most expensive city in metro)
- 5-year price change: +$125,220 (+39.5%)
- Typical home value: $442,421 (#50 most expensive city in metro)
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Stacker
#24. Elk River, MN
- 1-year price change: +$13,511 (+3.6%)
- 5-year price change: +$110,817 (+39.9%)
- Typical home value: $388,429 (#81 most expensive city in metro)
- 5-year price change: +$110,817 (+39.9%)
- Typical home value: $388,429 (#81 most expensive city in metro)
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Stacker
#23. Stacy, MN
- 1-year price change: +$13,894 (+3.6%)
- 5-year price change: +$117,016 (+42.1%)
- Typical home value: $395,278 (#75 most expensive city in metro)
- 5-year price change: +$117,016 (+42.1%)
- Typical home value: $395,278 (#75 most expensive city in metro)
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Stacker
#22. Scandia, MN
- 1-year price change: +$14,681 (+3.0%)
- 5-year price change: +$150,583 (+42.8%)
- Typical home value: $502,326 (#31 most expensive city in metro)
- 5-year price change: +$150,583 (+42.8%)
- Typical home value: $502,326 (#31 most expensive city in metro)
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Stacker
#21. Baldwin, WI
- 1-year price change: +$15,189 (+5.0%)
- 5-year price change: +$107,756 (+50.9%)
- Typical home value: $319,371 (#156 most expensive city in metro)
- 5-year price change: +$107,756 (+50.9%)
- Typical home value: $319,371 (#156 most expensive city in metro)
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Stacker
#20. Houlton, WI
- 1-year price change: +$15,343 (+3.1%)
- 5-year price change: +$166,125 (+48.3%)
- Typical home value: $509,826 (#29 most expensive city in metro)
- 5-year price change: +$166,125 (+48.3%)
- Typical home value: $509,826 (#29 most expensive city in metro)
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Stacker
#19. Gem Lake, MN
- 1-year price change: +$15,376 (+2.8%)
- 5-year price change: +$151,923 (+37.5%)
- Typical home value: $557,227 (#24 most expensive city in metro)
- 5-year price change: +$151,923 (+37.5%)
- Typical home value: $557,227 (#24 most expensive city in metro)
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Stacker
#18. Hammond, WI
- 1-year price change: +$15,384 (+4.6%)
- 5-year price change: +$115,417 (+48.9%)
- Typical home value: $351,635 (#123 most expensive city in metro)
- 5-year price change: +$115,417 (+48.9%)
- Typical home value: $351,635 (#123 most expensive city in metro)
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Stacker
#17. Hudson, WI
- 1-year price change: +$15,435 (+3.4%)
- 5-year price change: +$135,937 (+40.5%)
- Typical home value: $471,769 (#39 most expensive city in metro)
- 5-year price change: +$135,937 (+40.5%)
- Typical home value: $471,769 (#39 most expensive city in metro)
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Stacker
#16. Dalbo, MN
- 1-year price change: +$15,463 (+4.8%)
- 5-year price change: +$101,886 (+43.0%)
- Typical home value: $338,604 (#132 most expensive city in metro)
- 5-year price change: +$101,886 (+43.0%)
- Typical home value: $338,604 (#132 most expensive city in metro)
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Stacker
#15. Princeton, MN
- 1-year price change: +$15,609 (+4.7%)
- 5-year price change: +$109,812 (+45.9%)
- Typical home value: $349,273 (#124 most expensive city in metro)
- 5-year price change: +$109,812 (+45.9%)
- Typical home value: $349,273 (#124 most expensive city in metro)
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Stacker
#14. Stanchfield, MN
- 1-year price change: +$16,373 (+4.6%)
- 5-year price change: +$117,999 (+46.5%)
- Typical home value: $372,002 (#99 most expensive city in metro)
- 5-year price change: +$117,999 (+46.5%)
- Typical home value: $372,002 (#99 most expensive city in metro)
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Stacker
#13. Elysian, MN
- 1-year price change: +$16,392 (+4.3%)
- 5-year price change: +$120,280 (+43.4%)
- Typical home value: $397,596 (#73 most expensive city in metro)
- 5-year price change: +$120,280 (+43.4%)
- Typical home value: $397,596 (#73 most expensive city in metro)
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Stacker
#12. Roberts, WI
- 1-year price change: +$16,533 (+4.4%)
- 5-year price change: +$112,179 (+39.5%)
- Typical home value: $396,289 (#74 most expensive city in metro)
- 5-year price change: +$112,179 (+39.5%)
- Typical home value: $396,289 (#74 most expensive city in metro)
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Stacker
#11. Edina, MN
- 1-year price change: +$16,669 (+2.9%)
- 5-year price change: +$108,884 (+22.9%)
- Typical home value: $584,572 (#21 most expensive city in metro)
- 5-year price change: +$108,884 (+22.9%)
- Typical home value: $584,572 (#21 most expensive city in metro)
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Stacker
#10. Waterville, MN
- 1-year price change: +$17,078 (+6.0%)
- 5-year price change: +$104,890 (+53.5%)
- Typical home value: $300,892 (#180 most expensive city in metro)
- 5-year price change: +$104,890 (+53.5%)
- Typical home value: $300,892 (#180 most expensive city in metro)
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#9. Grant, MN
- 1-year price change: +$17,418 (+2.6%)
- 5-year price change: +$185,869 (+37.3%)
- Typical home value: $684,076 (#15 most expensive city in metro)
- 5-year price change: +$185,869 (+37.3%)
- Typical home value: $684,076 (#15 most expensive city in metro)
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#8. Somerset, WI
- 1-year price change: +$18,616 (+5.0%)
- 5-year price change: +$122,970 (+46.5%)
- Typical home value: $387,354 (#82 most expensive city in metro)
- 5-year price change: +$122,970 (+46.5%)
- Typical home value: $387,354 (#82 most expensive city in metro)
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Stacker
#7. Dellwood, MN
- 1-year price change: +$18,918 (+2.2%)
- 5-year price change: +$261,263 (+42.0%)
- Typical home value: $883,472 (#9 most expensive city in metro)
- 5-year price change: +$261,263 (+42.0%)
- Typical home value: $883,472 (#9 most expensive city in metro)
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Stacker
#6. Foreston, MN
- 1-year price change: +$19,564 (+6.6%)
- 5-year price change: +$115,190 (+57.6%)
- Typical home value: $315,186 (#165 most expensive city in metro)
- 5-year price change: +$115,190 (+57.6%)
- Typical home value: $315,186 (#165 most expensive city in metro)
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Stacker
#5. Orono, MN
- 1-year price change: +$20,320 (+2.0%)
- 5-year price change: +$306,509 (+42.4%)
- Typical home value: $1,028,671 (#5 most expensive city in metro)
- 5-year price change: +$306,509 (+42.4%)
- Typical home value: $1,028,671 (#5 most expensive city in metro)
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#4. Marine on Saint Croix, MN
- 1-year price change: +$24,096 (+4.3%)
- 5-year price change: +$173,273 (+41.9%)
- Typical home value: $586,408 (#20 most expensive city in metro)
- 5-year price change: +$173,273 (+41.9%)
- Typical home value: $586,408 (#20 most expensive city in metro)
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#3. Deephaven, MN
- 1-year price change: +$29,090 (+3.2%)
- 5-year price change: +$286,460 (+43.3%)
- Typical home value: $947,956 (#7 most expensive city in metro)
- 5-year price change: +$286,460 (+43.3%)
- Typical home value: $947,956 (#7 most expensive city in metro)
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#2. North Oaks, MN
- 1-year price change: +$31,228 (+3.6%)
- 5-year price change: +$250,586 (+38.9%)
- Typical home value: $895,533 (#8 most expensive city in metro)
- 5-year price change: +$250,586 (+38.9%)
- Typical home value: $895,533 (#8 most expensive city in metro)
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Stacker
#1. Spring Park, MN
- 1-year price change: +$35,645 (+7.2%)
- 5-year price change: +$104,923 (+24.6%)
- Typical home value: $532,203 (#25 most expensive city in metro)
- 5-year price change: +$104,923 (+24.6%)
- Typical home value: $532,203 (#25 most expensive city in metro)
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.
