Market Overview
Home Prices in Blue Earth, MN
The median home value in Blue Earth, MN is $185,019 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Blue Earth are priced55% below average. Blue Earth is part of the Fairmont, MN metro area.
Over the past five years, Blue Earth home values have risen by approximately40.8%, reflecting strong long-term appreciation in this market.
Price History
Blue Earth Home Price Trend
City Comparison
Blue Earth vs. National Median
At $185,019, homes in Blue Earth cost 55% below the national median of $410,000. This makes Blue Earth a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Blue Earth?
20% Down Payment
$37,004
on $185,019
Monthly P&I
$965/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,226/mo
incl. taxes & insurance
Income Needed
$49,040
gross annual (30% rule)
10% Down Option
$18,502
+ PMI applies
Loan Amount (20% dn)
$148,015
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 Blue Earth, MN?
The median home value in Blue Earth is $185,019 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 Blue Earth?
Over the past year, home values in Blue Earth have increased by 5%. Over five years, prices have risen approximately 40.8%.
How much do I need to earn to buy a home in Blue Earth?
To comfortably afford the median home price of $185,019 with a 20% down payment ($37,004) at today's rates (6.8%), you'd need a gross annual income of approximately $49,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Blue Earth compare to the national average home price?
The national median home value is approximately $410,000. At $185,019, homes in Blue Earth are 55% below the national average.
What metro area is Blue Earth part of?
Blue Earth is part of the Fairmont, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.