Market Overview
Home Prices in Gully, MN
The median home value in Gully, MN is $310,616 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 6.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gully are priced24% below average. Gully is part of the Grand Forks, ND-MN metro area.
Over the past five years, Gully home values have risen by approximately37.3%, reflecting strong long-term appreciation in this market.
Price History
Gully Home Price Trend
City Comparison
Gully vs. National Median
At $310,616, homes in Gully cost 24% below the national median of $410,000. This makes Gully a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gully?
20% Down Payment
$62,123
on $310,616
Monthly P&I
$1,620/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,057/mo
incl. taxes & insurance
Income Needed
$82,280
gross annual (30% rule)
10% Down Option
$31,062
+ PMI applies
Loan Amount (20% dn)
$248,493
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 Gully, MN?
The median home value in Gully is $310,616 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Gully?
Over the past year, home values in Gully have increased by 4.8%. Over five years, prices have risen approximately 37.3%.
How much do I need to earn to buy a home in Gully?
To comfortably afford the median home price of $310,616 with a 20% down payment ($62,123) at today's rates (6.8%), you'd need a gross annual income of approximately $82,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Gully compare to the national average home price?
The national median home value is approximately $410,000. At $310,616, homes in Gully are 24% below the national average.
What metro area is Gully part of?
Gully is part of the Grand Forks, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.