Market Overview
Home Prices in Gonvick, MN
The median home value in Gonvick, MN is $217,236 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.9% compared to a year ago and up 12.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gonvick are priced47% below average.
Over the past five years, Gonvick home values have risen by approximately43.7%, reflecting strong long-term appreciation in this market.
Price History
Gonvick Home Price Trend
2020
$131,278
$131K
—
2021
$151,182
$151K
+15.2%
2022
$161,756
$162K
+7.0%
2023
$177,732
$178K
+9.9%
2024
$172,198
$172K
-3.1%
2025
$194,123
$194K
+12.7%
2026
$217,236
$217K
+11.9%
City Comparison
Gonvick vs. National Median
🏠 Gonvick
$217,236
National Median
$410,000
At $217,236, homes in Gonvick cost 47% below the national median of $410,000. This makes Gonvick a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gonvick?
20% Down Payment
$43,447
on $217,236
Monthly P&I
$1,133/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,439/mo
incl. taxes & insurance
Income Needed
$57,560
gross annual (30% rule)
10% Down Option
$21,724
+ PMI applies
Loan Amount (20% dn)
$173,789
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 Gonvick, MN?
The median home value in Gonvick is $217,236 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.9% year-over-year.
How much have home prices changed in Gonvick?
Over the past year, home values in Gonvick have increased by 11.9%. Over five years, prices have risen approximately 43.7%.
How much do I need to earn to buy a home in Gonvick?
To comfortably afford the median home price of $217,236 with a 20% down payment ($43,447) at today's rates (6.8%), you'd need a gross annual income of approximately $57,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Gonvick compare to the national average home price?
The national median home value is approximately $410,000. At $217,236, homes in Gonvick are 47% below the national average.