Market Overview
Home Prices in Federal Dam, MN
The median home value in Federal Dam, MN is $268,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Federal Dam are priced35% below average. Federal Dam is part of the Brainerd, MN metro area.
Over the past five years, Federal Dam home values have risen by approximately47.7%, reflecting strong long-term appreciation in this market.
Price History
Federal Dam Home Price Trend
City Comparison
Federal Dam vs. National Median
At $268,050, homes in Federal Dam cost 35% below the national median of $410,000. This makes Federal Dam a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Federal Dam?
20% Down Payment
$53,610
on $268,050
Monthly P&I
$1,398/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,775/mo
incl. taxes & insurance
Income Needed
$71,000
gross annual (30% rule)
10% Down Option
$26,805
+ PMI applies
Loan Amount (20% dn)
$214,440
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 Federal Dam, MN?
The median home value in Federal Dam is $268,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Federal Dam?
Over the past year, home values in Federal Dam have increased by 7.6%. Over five years, prices have risen approximately 47.7%.
How much do I need to earn to buy a home in Federal Dam?
To comfortably afford the median home price of $268,050 with a 20% down payment ($53,610) at today's rates (6.8%), you'd need a gross annual income of approximately $71,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Federal Dam compare to the national average home price?
The national median home value is approximately $410,000. At $268,050, homes in Federal Dam are 35% below the national average.
What metro area is Federal Dam part of?
Federal Dam is part of the Brainerd, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.