Market Overview
Home Prices in Burnsville, MN
The median home value in Burnsville, MN is $375,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Burnsville are priced8% below average. Burnsville is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Burnsville home values have risen by approximately13.8%, reflecting steady appreciation in this market.
Price History
Burnsville Home Price Trend
City Comparison
Burnsville vs. National Median
At $375,754, homes in Burnsville cost 8% below the national median of $410,000. This makes Burnsville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Burnsville?
20% Down Payment
$75,151
on $375,754
Monthly P&I
$1,960/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,489/mo
incl. taxes & insurance
Income Needed
$99,560
gross annual (30% rule)
10% Down Option
$37,575
+ PMI applies
Loan Amount (20% dn)
$300,603
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 Burnsville, MN?
The median home value in Burnsville is $375,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Burnsville?
Over the past year, home values in Burnsville have increased by 2.7%. Over five years, prices have risen approximately 13.8%.
How much do I need to earn to buy a home in Burnsville?
To comfortably afford the median home price of $375,754 with a 20% down payment ($75,151) at today's rates (6.8%), you'd need a gross annual income of approximately $99,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Burnsville compare to the national average home price?
The national median home value is approximately $410,000. At $375,754, homes in Burnsville are 8% below the national average.
What metro area is Burnsville part of?
Burnsville is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.