Market Overview
Home Prices in Cotton, MN
The median home value in Cotton, MN is $230,010 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.8% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cotton are priced44% below average. Cotton is part of the Duluth, MN-WI metro area.
Over the past five years, Cotton home values have risen by approximately30.1%, reflecting strong long-term appreciation in this market.
Price History
Cotton Home Price Trend
City Comparison
Cotton vs. National Median
At $230,010, homes in Cotton cost 44% below the national median of $410,000. This makes Cotton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cotton?
20% Down Payment
$46,002
on $230,010
Monthly P&I
$1,200/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,524/mo
incl. taxes & insurance
Income Needed
$60,960
gross annual (30% rule)
10% Down Option
$23,001
+ PMI applies
Loan Amount (20% dn)
$184,008
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 Cotton, MN?
The median home value in Cotton is $230,010 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.8% year-over-year.
How much have home prices changed in Cotton?
Over the past year, home values in Cotton have increased by 10.8%. Over five years, prices have risen approximately 30.1%.
How much do I need to earn to buy a home in Cotton?
To comfortably afford the median home price of $230,010 with a 20% down payment ($46,002) at today's rates (6.8%), you'd need a gross annual income of approximately $60,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Cotton compare to the national average home price?
The national median home value is approximately $410,000. At $230,010, homes in Cotton are 44% below the national average.
What metro area is Cotton part of?
Cotton is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.