Market Overview
Home Prices in Gibbon, MN
The median home value in Gibbon, MN is $240,991 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gibbon are priced41% below average. Gibbon is part of the Mankato, MN metro area.
Over the past five years, Gibbon home values have risen by approximately16.3%, reflecting steady appreciation in this market.
Price History
Gibbon Home Price Trend
2020
$200,608
$201K
—
2021
$207,138
$207K
+3.3%
2022
$229,264
$229K
+10.7%
2023
$221,184
$221K
-3.5%
2024
$218,848
$219K
-1.1%
2025
$221,143
$221K
+1.0%
2026
$240,991
$241K
+9.0%
City Comparison
Gibbon vs. National Median
🏠 Gibbon
$240,991
National Median
$410,000
At $240,991, homes in Gibbon cost 41% below the national median of $410,000. This makes Gibbon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gibbon?
20% Down Payment
$48,198
on $240,991
Monthly P&I
$1,257/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,596/mo
incl. taxes & insurance
Income Needed
$63,840
gross annual (30% rule)
10% Down Option
$24,099
+ PMI applies
Loan Amount (20% dn)
$192,793
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 Gibbon, MN?
The median home value in Gibbon is $240,991 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Gibbon?
Over the past year, home values in Gibbon have increased by 9%. Over five years, prices have risen approximately 16.3%.
How much do I need to earn to buy a home in Gibbon?
To comfortably afford the median home price of $240,991 with a 20% down payment ($48,198) at today's rates (6.8%), you'd need a gross annual income of approximately $63,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Gibbon compare to the national average home price?
The national median home value is approximately $410,000. At $240,991, homes in Gibbon are 41% below the national average.
What metro area is Gibbon part of?
Gibbon is part of the Mankato, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.