Market Overview
Home Prices in Fergus Falls, MN
The median home value in Fergus Falls, MN is $209,070 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fergus Falls are priced49% below average. Fergus Falls is part of the Fergus Falls, MN metro area.
Over the past five years, Fergus Falls home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
Fergus Falls Home Price Trend
City Comparison
Fergus Falls vs. National Median
At $209,070, homes in Fergus Falls cost 49% below the national median of $410,000. This makes Fergus Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fergus Falls?
20% Down Payment
$41,814
on $209,070
Monthly P&I
$1,090/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,384/mo
incl. taxes & insurance
Income Needed
$55,360
gross annual (30% rule)
10% Down Option
$20,907
+ PMI applies
Loan Amount (20% dn)
$167,256
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 Fergus Falls, MN?
The median home value in Fergus Falls is $209,070 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Fergus Falls?
Over the past year, home values in Fergus Falls have increased by 5.5%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in Fergus Falls?
To comfortably afford the median home price of $209,070 with a 20% down payment ($41,814) at today's rates (6.8%), you'd need a gross annual income of approximately $55,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Fergus Falls compare to the national average home price?
The national median home value is approximately $410,000. At $209,070, homes in Fergus Falls are 49% below the national average.
What metro area is Fergus Falls part of?
Fergus Falls is part of the Fergus Falls, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.