Market Overview
Home Prices in Blooming Prairie, MN
The median home value in Blooming Prairie, MN is $271,379 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Blooming Prairie are priced34% below average. Blooming Prairie is part of the Owatonna, MN metro area.
Over the past five years, Blooming Prairie home values have risen by approximately32.7%, reflecting strong long-term appreciation in this market.
Price History
Blooming Prairie Home Price Trend
City Comparison
Blooming Prairie vs. National Median
At $271,379, homes in Blooming Prairie cost 34% below the national median of $410,000. This makes Blooming Prairie a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Blooming Prairie?
20% Down Payment
$54,276
on $271,379
Monthly P&I
$1,415/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,797/mo
incl. taxes & insurance
Income Needed
$71,880
gross annual (30% rule)
10% Down Option
$27,138
+ PMI applies
Loan Amount (20% dn)
$217,103
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 Blooming Prairie, MN?
The median home value in Blooming Prairie is $271,379 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Blooming Prairie?
Over the past year, home values in Blooming Prairie have increased by 5%. Over five years, prices have risen approximately 32.7%.
How much do I need to earn to buy a home in Blooming Prairie?
To comfortably afford the median home price of $271,379 with a 20% down payment ($54,276) at today's rates (6.8%), you'd need a gross annual income of approximately $71,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Blooming Prairie compare to the national average home price?
The national median home value is approximately $410,000. At $271,379, homes in Blooming Prairie are 34% below the national average.
What metro area is Blooming Prairie part of?
Blooming Prairie is part of the Owatonna, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.