Market Overview
Home Prices in Floodwood, MN
The median home value in Floodwood, MN is $190,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.3% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Floodwood are priced53% below average. Floodwood is part of the Duluth, MN-WI metro area.
Over the past five years, Floodwood home values have risen by approximately27.2%, reflecting strong long-term appreciation in this market.
Price History
Floodwood Home Price Trend
City Comparison
Floodwood vs. National Median
At $190,851, homes in Floodwood cost 53% below the national median of $410,000. This makes Floodwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Floodwood?
20% Down Payment
$38,170
on $190,851
Monthly P&I
$995/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,264/mo
incl. taxes & insurance
Income Needed
$50,560
gross annual (30% rule)
10% Down Option
$19,085
+ PMI applies
Loan Amount (20% dn)
$152,681
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 Floodwood, MN?
The median home value in Floodwood is $190,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.3% year-over-year.
How much have home prices changed in Floodwood?
Over the past year, home values in Floodwood have increased by 12.3%. Over five years, prices have risen approximately 27.2%.
How much do I need to earn to buy a home in Floodwood?
To comfortably afford the median home price of $190,851 with a 20% down payment ($38,170) at today's rates (6.8%), you'd need a gross annual income of approximately $50,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Floodwood compare to the national average home price?
The national median home value is approximately $410,000. At $190,851, homes in Floodwood are 53% below the national average.
What metro area is Floodwood part of?
Floodwood is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.