Market Overview
Home Prices in Dunnell, MN
The median home value in Dunnell, MN is $351,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 16.2% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dunnell are priced14% below average. Dunnell is part of the Fairmont, MN metro area.
Over the past five years, Dunnell home values have risen by approximately61.0%, reflecting strong long-term appreciation in this market.
Price History
Dunnell Home Price Trend
City Comparison
Dunnell vs. National Median
At $351,440, homes in Dunnell cost 14% below the national median of $410,000. This makes Dunnell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dunnell?
20% Down Payment
$70,288
on $351,440
Monthly P&I
$1,833/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,328/mo
incl. taxes & insurance
Income Needed
$93,120
gross annual (30% rule)
10% Down Option
$35,144
+ PMI applies
Loan Amount (20% dn)
$281,152
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 Dunnell, MN?
The median home value in Dunnell is $351,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 16.2% year-over-year.
How much have home prices changed in Dunnell?
Over the past year, home values in Dunnell have increased by 16.2%. Over five years, prices have risen approximately 61.0%.
How much do I need to earn to buy a home in Dunnell?
To comfortably afford the median home price of $351,440 with a 20% down payment ($70,288) at today's rates (6.8%), you'd need a gross annual income of approximately $93,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Dunnell compare to the national average home price?
The national median home value is approximately $410,000. At $351,440, homes in Dunnell are 14% below the national average.
What metro area is Dunnell part of?
Dunnell is part of the Fairmont, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.