Market Overview
Home Prices in Gaylord, MN
The median home value in Gaylord, MN is $255,311 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.6% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gaylord are priced38% below average. Gaylord is part of the Mankato, MN metro area.
Over the past five years, Gaylord home values have risen by approximately23.8%, reflecting strong long-term appreciation in this market.
Price History
Gaylord Home Price Trend
City Comparison
Gaylord vs. National Median
At $255,311, homes in Gaylord cost 38% below the national median of $410,000. This makes Gaylord a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gaylord?
20% Down Payment
$51,062
on $255,311
Monthly P&I
$1,332/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,692/mo
incl. taxes & insurance
Income Needed
$67,680
gross annual (30% rule)
10% Down Option
$25,531
+ PMI applies
Loan Amount (20% dn)
$204,249
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 Gaylord, MN?
The median home value in Gaylord is $255,311 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.6% year-over-year.
How much have home prices changed in Gaylord?
Over the past year, home values in Gaylord have increased by 6.6%. Over five years, prices have risen approximately 23.8%.
How much do I need to earn to buy a home in Gaylord?
To comfortably afford the median home price of $255,311 with a 20% down payment ($51,062) at today's rates (6.8%), you'd need a gross annual income of approximately $67,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Gaylord compare to the national average home price?
The national median home value is approximately $410,000. At $255,311, homes in Gaylord are 38% below the national average.
What metro area is Gaylord part of?
Gaylord is part of the Mankato, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.