Market Overview
Home Prices in Cologne, MN
The median home value in Cologne, MN is $405,679 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% 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 Cologne are priced1% below average. Cologne is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Cologne home values have risen by approximately12.5%, reflecting steady appreciation in this market.
Price History
Cologne Home Price Trend
City Comparison
Cologne vs. National Median
At $405,679, homes in Cologne cost 1% below the national median of $410,000. This makes Cologne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cologne?
20% Down Payment
$81,136
on $405,679
Monthly P&I
$2,116/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,687/mo
incl. taxes & insurance
Income Needed
$107,480
gross annual (30% rule)
10% Down Option
$40,568
+ PMI applies
Loan Amount (20% dn)
$324,543
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 Cologne, MN?
The median home value in Cologne is $405,679 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Cologne?
Over the past year, home values in Cologne have increased by 0.5%. Over five years, prices have risen approximately 12.5%.
How much do I need to earn to buy a home in Cologne?
To comfortably afford the median home price of $405,679 with a 20% down payment ($81,136) at today's rates (6.8%), you'd need a gross annual income of approximately $107,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Cologne compare to the national average home price?
The national median home value is approximately $410,000. At $405,679, homes in Cologne are 1% below the national average.
What metro area is Cologne part of?
Cologne is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.