Market Overview
Home Prices in Greenfield, MN
The median home value in Greenfield, MN is $608,184 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Greenfield are priced48% above average. Greenfield is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Greenfield home values have risen by approximately26.4%, reflecting strong long-term appreciation in this market.
Price History
Greenfield Home Price Trend
City Comparison
Greenfield vs. National Median
At $608,184, homes in Greenfield cost 48% above the national median of $410,000. Buyers in Greenfield should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Greenfield?
20% Down Payment
$121,637
on $608,184
Monthly P&I
$3,172/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,028/mo
incl. taxes & insurance
Income Needed
$161,120
gross annual (30% rule)
10% Down Option
$60,818
+ PMI applies
Loan Amount (20% dn)
$486,547
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 Greenfield, MN?
The median home value in Greenfield is $608,184 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Greenfield?
Over the past year, home values in Greenfield have increased by 5.1%. Over five years, prices have risen approximately 26.4%.
How much do I need to earn to buy a home in Greenfield?
To comfortably afford the median home price of $608,184 with a 20% down payment ($121,637) at today's rates (6.8%), you'd need a gross annual income of approximately $161,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Greenfield compare to the national average home price?
The national median home value is approximately $410,000. At $608,184, homes in Greenfield are 48% above the national average.
What metro area is Greenfield part of?
Greenfield is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.