Market Overview
Home Prices in Finland, MN
The median home value in Finland, MN is $243,545 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Finland are priced41% below average. Finland is part of the Duluth, MN-WI metro area.
Over the past five years, Finland home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Finland Home Price Trend
City Comparison
Finland vs. National Median
At $243,545, homes in Finland cost 41% below the national median of $410,000. This makes Finland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Finland?
20% Down Payment
$48,709
on $243,545
Monthly P&I
$1,270/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,613/mo
incl. taxes & insurance
Income Needed
$64,520
gross annual (30% rule)
10% Down Option
$24,355
+ PMI applies
Loan Amount (20% dn)
$194,836
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 Finland, MN?
The median home value in Finland is $243,545 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Finland?
Over the past year, home values in Finland have increased by 3.9%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Finland?
To comfortably afford the median home price of $243,545 with a 20% down payment ($48,709) at today's rates (6.8%), you'd need a gross annual income of approximately $64,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Finland compare to the national average home price?
The national median home value is approximately $410,000. At $243,545, homes in Finland are 41% below the national average.
What metro area is Finland part of?
Finland is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.