Market Overview
Home Prices in Backus, MN
The median home value in Backus, MN is $293,811 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Backus are priced28% below average. Backus is part of the Brainerd, MN metro area.
Over the past five years, Backus home values have risen by approximately42.4%, reflecting strong long-term appreciation in this market.
Price History
Backus Home Price Trend
City Comparison
Backus vs. National Median
At $293,811, homes in Backus cost 28% below the national median of $410,000. This makes Backus a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Backus?
20% Down Payment
$58,762
on $293,811
Monthly P&I
$1,532/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,946/mo
incl. taxes & insurance
Income Needed
$77,840
gross annual (30% rule)
10% Down Option
$29,381
+ PMI applies
Loan Amount (20% dn)
$235,049
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Backus, MN?
The median home value in Backus is $293,811 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Backus?
Over the past year, home values in Backus have increased by 4.2%. Over five years, prices have risen approximately 42.4%.
How much do I need to earn to buy a home in Backus?
To comfortably afford the median home price of $293,811 with a 20% down payment ($58,762) at today's rates (6.8%), you'd need a gross annual income of approximately $77,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Backus compare to the national average home price?
The national median home value is approximately $410,000. At $293,811, homes in Backus are 28% below the national average.
What metro area is Backus part of?
Backus is part of the Brainerd, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.