Cities with the most expensive homes in St. Cloud metro area

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scarp577 // Shutterstock
scarp577 // Shutterstock

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of April 4, 2023, the 30-year fixed mortgage rate sits at 6.3%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by 4.4% to $328,604.

Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.

Stacker compiled a list of cities with the most expensive homes in St. Cloud using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of February 2023. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 25 cities and towns with data available were included in the list. Charts for each city show the monthly typical home value since January 2018.

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#25. Belgrade, MN

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#25. Belgrade, MN

- Typical home value: $155,478
- 1-year price change: +3.9%
- 5-year price change: +41.6%

#24. Greenwald, MN

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#24. Greenwald, MN

- Typical home value: $163,486
- 1-year price change: +6.4%
- 5-year price change: +42.2%

#23. Brooten, MN

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#23. Brooten, MN

- Typical home value: $190,604
- 1-year price change: +4.2%
- 5-year price change: +33.6%

#22. Paynesville, MN

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#22. Paynesville, MN

- Typical home value: $190,900
- 1-year price change: +3.5%
- 5-year price change: +29.6%

#20. Melrose, MN

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#20. Melrose, MN

- Typical home value: $212,272
- 1-year price change: +6.5%
- 5-year price change: +33.8%

#19. Waite Park, MN

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#19. Waite Park, MN

- Typical home value: $217,664
- 1-year price change: +4.2%
- 5-year price change: +29.8%

#18. Kimball, MN

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#18. Kimball, MN

- Typical home value: $221,845
- 1-year price change: +7.9%
- 5-year price change: +47.2%

#17. Albany, MN

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#17. Albany, MN

- Typical home value: $233,482
- 1-year price change: +2.7%
- 5-year price change: +39.1%

#16. Eden Valley, MN

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#16. Eden Valley, MN

- Typical home value: $241,477
- 1-year price change: +5.2%
- 5-year price change: +52.3%

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#15. Watkins, MN

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#15. Watkins, MN

- Typical home value: $254,999
- 1-year price change: +4.7%
- 5-year price change: +57.2%

#14. Sauk Rapids, MN

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#14. Sauk Rapids, MN

- Typical home value: $257,739
- 1-year price change: +3.5%
- 5-year price change: +42.5%

#13. Saint Stephen, MN

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#13. Saint Stephen, MN

- Typical home value: $262,982
- 1-year price change: -1.6%
- 5-year price change: +34.2%

#12. Sauk Centre, MN

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#12. Sauk Centre, MN

- Typical home value: $272,358
- 1-year price change: +6.6%
- 5-year price change: +51.3%

#10. Rice, MN

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#10. Rice, MN

- Typical home value: $297,706
- 1-year price change: +3.3%
- 5-year price change: +45.0%

#9. Holdingford, MN

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#9. Holdingford, MN

- Typical home value: $299,614
- 1-year price change: +11.1%
- 5-year price change: +50.9%

#8. Sartell, MN

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#8. Sartell, MN

- Typical home value: $303,699
- 1-year price change: +2.7%
- 5-year price change: +34.1%

#7. Oak Park, MN

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#7. Oak Park, MN

- Typical home value: $311,512
- 1-year price change: +4.5%
- 5-year price change: +33.5%

#6. Cold Spring, MN

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#6. Cold Spring, MN

- Typical home value: $320,897
- 1-year price change: +3.5%
- 5-year price change: +42.3%

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#5. Saint Augusta, MN

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#5. Saint Augusta, MN

- Typical home value: $330,517
- 1-year price change: +4.3%
- 5-year price change: +39.0%

#4. Richmond, MN

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#4. Richmond, MN

- Typical home value: $331,779
- 1-year price change: +4.8%
- 5-year price change: +46.5%

#3. Avon, MN

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#3. Avon, MN

- Typical home value: $333,227
- 1-year price change: +3.5%
- 5-year price change: +45.4%

#2. Freeport, MN

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#2. Freeport, MN

- Typical home value: $334,080
- 1-year price change: +10.2%
- 5-year price change: +49.7%