Market Overview
Home Prices in Barrett, MN
The median home value in Barrett, MN is $288,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Barrett are priced30% below average.
Over the past five years, Barrett home values have risen by approximately38.3%, reflecting strong long-term appreciation in this market.
Price History
Barrett Home Price Trend
2021
$208,770
$209K
—
2022
$247,496
$247K
+18.5%
2023
$249,680
$250K
+0.9%
2024
$255,693
$256K
+2.4%
2025
$262,407
$262K
+2.6%
2026
$288,754
$289K
+10.0%
City Comparison
Barrett vs. National Median
🏠 Barrett
$288,754
National Median
$410,000
At $288,754, homes in Barrett cost 30% below the national median of $410,000. This makes Barrett a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Barrett?
20% Down Payment
$57,751
on $288,754
Monthly P&I
$1,506/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,913/mo
incl. taxes & insurance
Income Needed
$76,520
gross annual (30% rule)
10% Down Option
$28,875
+ PMI applies
Loan Amount (20% dn)
$231,003
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 Barrett, MN?
The median home value in Barrett is $288,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10% year-over-year.
How much have home prices changed in Barrett?
Over the past year, home values in Barrett have increased by 10%. Over five years, prices have risen approximately 38.3%.
How much do I need to earn to buy a home in Barrett?
To comfortably afford the median home price of $288,754 with a 20% down payment ($57,751) at today's rates (6.8%), you'd need a gross annual income of approximately $76,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Barrett compare to the national average home price?
The national median home value is approximately $410,000. At $288,754, homes in Barrett are 30% below the national average.