Market Overview
Home Prices in Cromwell, MN
The median home value in Cromwell, MN is $259,386 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cromwell are priced37% below average. Cromwell is part of the Duluth, MN-WI metro area.
Over the past five years, Cromwell home values have risen by approximately21.4%, reflecting strong long-term appreciation in this market.
Price History
Cromwell Home Price Trend
City Comparison
Cromwell vs. National Median
At $259,386, homes in Cromwell cost 37% below the national median of $410,000. This makes Cromwell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cromwell?
20% Down Payment
$51,877
on $259,386
Monthly P&I
$1,353/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,718/mo
incl. taxes & insurance
Income Needed
$68,720
gross annual (30% rule)
10% Down Option
$25,939
+ PMI applies
Loan Amount (20% dn)
$207,509
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 Cromwell, MN?
The median home value in Cromwell is $259,386 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Cromwell?
Over the past year, home values in Cromwell have increased by 4%. Over five years, prices have risen approximately 21.4%.
How much do I need to earn to buy a home in Cromwell?
To comfortably afford the median home price of $259,386 with a 20% down payment ($51,877) at today's rates (6.8%), you'd need a gross annual income of approximately $68,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Cromwell compare to the national average home price?
The national median home value is approximately $410,000. At $259,386, homes in Cromwell are 37% below the national average.
What metro area is Cromwell part of?
Cromwell is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.