Market Overview
Home Prices in Fosston, MN
The median home value in Fosston, MN is $231,495 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 7.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fosston are priced44% below average. Fosston is part of the Grand Forks, ND-MN metro area.
Over the past five years, Fosston home values have risen by approximately31.3%, reflecting strong long-term appreciation in this market.
Price History
Fosston Home Price Trend
City Comparison
Fosston vs. National Median
At $231,495, homes in Fosston cost 44% below the national median of $410,000. This makes Fosston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fosston?
20% Down Payment
$46,299
on $231,495
Monthly P&I
$1,207/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,533/mo
incl. taxes & insurance
Income Needed
$61,320
gross annual (30% rule)
10% Down Option
$23,150
+ PMI applies
Loan Amount (20% dn)
$185,196
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 Fosston, MN?
The median home value in Fosston is $231,495 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Fosston?
Over the past year, home values in Fosston have increased by 7.4%. Over five years, prices have risen approximately 31.3%.
How much do I need to earn to buy a home in Fosston?
To comfortably afford the median home price of $231,495 with a 20% down payment ($46,299) at today's rates (6.8%), you'd need a gross annual income of approximately $61,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Fosston compare to the national average home price?
The national median home value is approximately $410,000. At $231,495, homes in Fosston are 44% below the national average.
What metro area is Fosston part of?
Fosston is part of the Grand Forks, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.