Market Overview
Home Prices in Ceylon, MN
The median home value in Ceylon, MN is $168,094 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and down 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ceylon are priced59% below average. Ceylon is part of the Fairmont, MN metro area.
Over the past five years, Ceylon home values have risen by approximately32.8%, reflecting strong long-term appreciation in this market.
Price History
Ceylon Home Price Trend
City Comparison
Ceylon vs. National Median
At $168,094, homes in Ceylon cost 59% below the national median of $410,000. This makes Ceylon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ceylon?
20% Down Payment
$33,619
on $168,094
Monthly P&I
$877/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,114/mo
incl. taxes & insurance
Income Needed
$44,560
gross annual (30% rule)
10% Down Option
$16,809
+ PMI applies
Loan Amount (20% dn)
$134,475
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 Ceylon, MN?
The median home value in Ceylon is $168,094 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Ceylon?
Over the past year, home values in Ceylon have increased by 7.1%. Over five years, prices have risen approximately 32.8%.
How much do I need to earn to buy a home in Ceylon?
To comfortably afford the median home price of $168,094 with a 20% down payment ($33,619) at today's rates (6.8%), you'd need a gross annual income of approximately $44,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Ceylon compare to the national average home price?
The national median home value is approximately $410,000. At $168,094, homes in Ceylon are 59% below the national average.
What metro area is Ceylon part of?
Ceylon is part of the Fairmont, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.