Market Overview
Home Prices in Grand Meadow, MN
The median home value in Grand Meadow, MN is $269,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grand Meadow are priced34% below average. Grand Meadow is part of the Austin, MN metro area.
Over the past five years, Grand Meadow home values have risen by approximately33.9%, reflecting strong long-term appreciation in this market.
Price History
Grand Meadow Home Price Trend
City Comparison
Grand Meadow vs. National Median
At $269,463, homes in Grand Meadow cost 34% below the national median of $410,000. This makes Grand Meadow a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grand Meadow?
20% Down Payment
$53,893
on $269,463
Monthly P&I
$1,405/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,784/mo
incl. taxes & insurance
Income Needed
$71,360
gross annual (30% rule)
10% Down Option
$26,946
+ PMI applies
Loan Amount (20% dn)
$215,570
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 Grand Meadow, MN?
The median home value in Grand Meadow is $269,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Grand Meadow?
Over the past year, home values in Grand Meadow have increased by 3.5%. Over five years, prices have risen approximately 33.9%.
How much do I need to earn to buy a home in Grand Meadow?
To comfortably afford the median home price of $269,463 with a 20% down payment ($53,893) at today's rates (6.8%), you'd need a gross annual income of approximately $71,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Grand Meadow compare to the national average home price?
The national median home value is approximately $410,000. At $269,463, homes in Grand Meadow are 34% below the national average.
What metro area is Grand Meadow part of?
Grand Meadow is part of the Austin, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.