Market Overview
Home Prices in Hancock, MN
The median home value in Hancock, MN is $212,185 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hancock are priced48% below average.
Over the past five years, Hancock home values have risen by approximately13.2%, reflecting steady appreciation in this market.
Price History
Hancock Home Price Trend
2020
$175,112
$175K
—
2021
$187,392
$187K
+7.0%
2022
$199,588
$200K
+6.5%
2023
$212,623
$213K
+6.5%
2024
$198,556
$199K
-6.6%
2025
$201,807
$202K
+1.6%
2026
$212,185
$212K
+5.1%
City Comparison
Hancock vs. National Median
🏠 Hancock
$212,185
National Median
$410,000
At $212,185, homes in Hancock cost 48% below the national median of $410,000. This makes Hancock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hancock?
20% Down Payment
$42,437
on $212,185
Monthly P&I
$1,107/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,406/mo
incl. taxes & insurance
Income Needed
$56,240
gross annual (30% rule)
10% Down Option
$21,219
+ PMI applies
Loan Amount (20% dn)
$169,748
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 Hancock, MN?
The median home value in Hancock is $212,185 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 Hancock?
Over the past year, home values in Hancock have increased by 5.1%. Over five years, prices have risen approximately 13.2%.
How much do I need to earn to buy a home in Hancock?
To comfortably afford the median home price of $212,185 with a 20% down payment ($42,437) at today's rates (6.8%), you'd need a gross annual income of approximately $56,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Hancock compare to the national average home price?
The national median home value is approximately $410,000. At $212,185, homes in Hancock are 48% below the national average.