Market Overview
Home Prices in Baxter, MN
The median home value in Baxter, MN is $375,030 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Baxter are priced9% below average. Baxter is part of the Brainerd, MN metro area.
Over the past five years, Baxter home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Baxter Home Price Trend
City Comparison
Baxter vs. National Median
At $375,030, homes in Baxter cost 9% below the national median of $410,000. This makes Baxter a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Baxter?
20% Down Payment
$75,006
on $375,030
Monthly P&I
$1,956/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,484/mo
incl. taxes & insurance
Income Needed
$99,360
gross annual (30% rule)
10% Down Option
$37,503
+ PMI applies
Loan Amount (20% dn)
$300,024
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 Baxter, MN?
The median home value in Baxter is $375,030 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Baxter?
Over the past year, home values in Baxter have increased by 3.1%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Baxter?
To comfortably afford the median home price of $375,030 with a 20% down payment ($75,006) at today's rates (6.8%), you'd need a gross annual income of approximately $99,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Baxter compare to the national average home price?
The national median home value is approximately $410,000. At $375,030, homes in Baxter are 9% below the national average.
What metro area is Baxter part of?
Baxter is part of the Brainerd, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.