Market Overview
Home Prices in Center City, MN
The median home value in Center City, MN is $414,205 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Center City are priced1% above average. Center City is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Center City home values have risen by approximately10.1%, reflecting steady appreciation in this market.
Price History
Center City Home Price Trend
City Comparison
Center City vs. National Median
At $414,205, homes in Center City cost 1% above the national median of $410,000. Buyers in Center City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Center City?
20% Down Payment
$82,841
on $414,205
Monthly P&I
$2,160/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,743/mo
incl. taxes & insurance
Income Needed
$109,720
gross annual (30% rule)
10% Down Option
$41,421
+ PMI applies
Loan Amount (20% dn)
$331,364
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 Center City, MN?
The median home value in Center City is $414,205 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Center City?
Over the past year, home values in Center City have increased by 2.1%. Over five years, prices have risen approximately 10.1%.
How much do I need to earn to buy a home in Center City?
To comfortably afford the median home price of $414,205 with a 20% down payment ($82,841) at today's rates (6.8%), you'd need a gross annual income of approximately $109,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Center City compare to the national average home price?
The national median home value is approximately $410,000. At $414,205, homes in Center City are 1% above the national average.
What metro area is Center City part of?
Center City is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.