Market Overview
Home Prices in Corcoran, MN
The median home value in Corcoran, MN is $608,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Corcoran are priced48% above average. Corcoran is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Corcoran home values have risen by approximately16.2%, reflecting steady appreciation in this market.
Price History
Corcoran Home Price Trend
City Comparison
Corcoran vs. National Median
At $608,218, homes in Corcoran cost 48% above the national median of $410,000. Buyers in Corcoran should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Corcoran?
20% Down Payment
$121,644
on $608,218
Monthly P&I
$3,172/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,028/mo
incl. taxes & insurance
Income Needed
$161,120
gross annual (30% rule)
10% Down Option
$60,822
+ PMI applies
Loan Amount (20% dn)
$486,574
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 Corcoran, MN?
The median home value in Corcoran is $608,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Corcoran?
Over the past year, home values in Corcoran have increased by 0.9%. Over five years, prices have risen approximately 16.2%.
How much do I need to earn to buy a home in Corcoran?
To comfortably afford the median home price of $608,218 with a 20% down payment ($121,644) at today's rates (6.8%), you'd need a gross annual income of approximately $161,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Corcoran compare to the national average home price?
The national median home value is approximately $410,000. At $608,218, homes in Corcoran are 48% above the national average.
What metro area is Corcoran part of?
Corcoran is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.