Market Overview
Home Prices in Goodhue, MN
The median home value in Goodhue, MN is $296,451 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Goodhue are priced28% below average. Goodhue is part of the Red Wing, MN metro area.
Over the past five years, Goodhue home values have risen by approximately22.7%, reflecting strong long-term appreciation in this market.
Price History
Goodhue Home Price Trend
City Comparison
Goodhue vs. National Median
At $296,451, homes in Goodhue cost 28% below the national median of $410,000. This makes Goodhue a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Goodhue?
20% Down Payment
$59,290
on $296,451
Monthly P&I
$1,546/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,963/mo
incl. taxes & insurance
Income Needed
$78,520
gross annual (30% rule)
10% Down Option
$29,645
+ PMI applies
Loan Amount (20% dn)
$237,161
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 Goodhue, MN?
The median home value in Goodhue is $296,451 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Goodhue?
Over the past year, home values in Goodhue have increased by 2%. Over five years, prices have risen approximately 22.7%.
How much do I need to earn to buy a home in Goodhue?
To comfortably afford the median home price of $296,451 with a 20% down payment ($59,290) at today's rates (6.8%), you'd need a gross annual income of approximately $78,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Goodhue compare to the national average home price?
The national median home value is approximately $410,000. At $296,451, homes in Goodhue are 28% below the national average.
What metro area is Goodhue part of?
Goodhue is part of the Red Wing, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.