Market Overview
Home Prices in Dellwood, MN
The median home value in Dellwood, MN is $953,487 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dellwood are priced133% above average. Dellwood is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Dellwood home values have risen by approximately24.6%, reflecting strong long-term appreciation in this market.
Price History
Dellwood Home Price Trend
City Comparison
Dellwood vs. National Median
At $953,487, homes in Dellwood cost 133% above the national median of $410,000. Buyers in Dellwood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Dellwood?
20% Down Payment
$190,697
on $953,487
Monthly P&I
$4,973/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,316/mo
incl. taxes & insurance
Income Needed
$252,640
gross annual (30% rule)
10% Down Option
$95,349
+ PMI applies
Loan Amount (20% dn)
$762,790
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 Dellwood, MN?
The median home value in Dellwood is $953,487 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Dellwood?
Over the past year, home values in Dellwood have increased by 2.8%. Over five years, prices have risen approximately 24.6%.
How much do I need to earn to buy a home in Dellwood?
To comfortably afford the median home price of $953,487 with a 20% down payment ($190,697) at today's rates (6.8%), you'd need a gross annual income of approximately $252,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Dellwood compare to the national average home price?
The national median home value is approximately $410,000. At $953,487, homes in Dellwood are 133% above the national average.
What metro area is Dellwood part of?
Dellwood is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.