Market Overview
Home Prices in Butterfield, MN
The median home value in Butterfield, MN is $106,273 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 13.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Butterfield are priced74% below average.
Over the past five years, Butterfield home values have risen by approximately63.6%, reflecting strong long-term appreciation in this market.
Price History
Butterfield Home Price Trend
2020
$42,649
$43K
—
2021
$64,959
$65K
+52.3%
2022
$73,093
$73K
+12.5%
2023
$87,076
$87K
+19.1%
2024
$90,562
$91K
+4.0%
2025
$102,598
$103K
+13.3%
2026
$106,273
$106K
+3.6%
City Comparison
Butterfield vs. National Median
🏠 Butterfield
$106,273
National Median
$410,000
At $106,273, homes in Butterfield cost 74% below the national median of $410,000. This makes Butterfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Butterfield?
20% Down Payment
$21,255
on $106,273
Monthly P&I
$554/mo
30-yr @ 6.8%
Total Monthly Est.
~$704/mo
incl. taxes & insurance
Income Needed
$28,160
gross annual (30% rule)
10% Down Option
$10,627
+ PMI applies
Loan Amount (20% dn)
$85,018
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 Butterfield, MN?
The median home value in Butterfield is $106,273 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Butterfield?
Over the past year, home values in Butterfield have increased by 3.6%. Over five years, prices have risen approximately 63.6%.
How much do I need to earn to buy a home in Butterfield?
To comfortably afford the median home price of $106,273 with a 20% down payment ($21,255) at today's rates (6.8%), you'd need a gross annual income of approximately $28,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Butterfield compare to the national average home price?
The national median home value is approximately $410,000. At $106,273, homes in Butterfield are 74% below the national average.