Market Overview
Home Prices in Erhard, MN
The median home value in Erhard, MN is $335,705 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Erhard are priced18% below average. Erhard is part of the Fergus Falls, MN metro area.
Over the past five years, Erhard home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Erhard Home Price Trend
City Comparison
Erhard vs. National Median
At $335,705, homes in Erhard cost 18% below the national median of $410,000. This makes Erhard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Erhard?
20% Down Payment
$67,141
on $335,705
Monthly P&I
$1,751/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,224/mo
incl. taxes & insurance
Income Needed
$88,960
gross annual (30% rule)
10% Down Option
$33,571
+ PMI applies
Loan Amount (20% dn)
$268,564
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 Erhard, MN?
The median home value in Erhard is $335,705 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Erhard?
Over the past year, home values in Erhard have increased by 8.2%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Erhard?
To comfortably afford the median home price of $335,705 with a 20% down payment ($67,141) at today's rates (6.8%), you'd need a gross annual income of approximately $88,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Erhard compare to the national average home price?
The national median home value is approximately $410,000. At $335,705, homes in Erhard are 18% below the national average.
What metro area is Erhard part of?
Erhard is part of the Fergus Falls, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.