Market Overview
Home Prices in Excelsior, MN
The median home value in Excelsior, MN is $817,539 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Excelsior are priced99% above average. Excelsior is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Excelsior home values have risen by approximately15.5%, reflecting steady appreciation in this market.
Price History
Excelsior Home Price Trend
City Comparison
Excelsior vs. National Median
At $817,539, homes in Excelsior cost 99% above the national median of $410,000. Buyers in Excelsior should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Excelsior?
20% Down Payment
$163,508
on $817,539
Monthly P&I
$4,264/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,415/mo
incl. taxes & insurance
Income Needed
$216,600
gross annual (30% rule)
10% Down Option
$81,754
+ PMI applies
Loan Amount (20% dn)
$654,031
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 Excelsior, MN?
The median home value in Excelsior is $817,539 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Excelsior?
Over the past year, home values in Excelsior have increased by 0.3%. Over five years, prices have risen approximately 15.5%.
How much do I need to earn to buy a home in Excelsior?
To comfortably afford the median home price of $817,539 with a 20% down payment ($163,508) at today's rates (6.8%), you'd need a gross annual income of approximately $216,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Excelsior compare to the national average home price?
The national median home value is approximately $410,000. At $817,539, homes in Excelsior are 99% above the national average.
What metro area is Excelsior part of?
Excelsior is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.