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📍 Hanley Falls, MN · Zillow ZHVI · July 2026

Average Home Price in
Hanley Falls, MN

Yellow Medicine County County

Median Home Value
$148,155
↑ 6.4% year-over-year
vs. National Median
$410,000
Hanley Falls is 64% below
Est. Monthly Payment
$773/mo
20% down · 6.8% rate
Income Needed
$39K
gross annual (30% rule)
Median Home Value
$148,155
↑ 6.4% year-over-year
Down Payment (20%)$29,631
Monthly P&I$773/mo
With Taxes & Ins.~$982/mo
Income Needed$39,280/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Hanley Falls, MN

The median home value in Hanley Falls, MN is $148,155 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 3.4% from two years prior.

Compared to the U.S. national median of $410,000, homes in Hanley Falls are priced64% below average.

Over the past five years, Hanley Falls home values have risen by approximately15.3%, reflecting steady appreciation in this market.

City Comparison

Hanley Falls vs. National Median

🏠 Hanley Falls
$148,155
National Median
$410,000

At $148,155, homes in Hanley Falls cost 64% below the national median of $410,000. This makes Hanley Falls a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Hanley Falls?

20% Down Payment
$29,631
on $148,155
Monthly P&I
$773/mo
30-yr @ 6.8%
Total Monthly Est.
~$982/mo
incl. taxes & insurance
Income Needed
$39,280
gross annual (30% rule)
10% Down Option
$14,816
+ PMI applies
Loan Amount (20% dn)
$118,524
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 Hanley Falls, MN?
The median home value in Hanley Falls is $148,155 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Hanley Falls?
Over the past year, home values in Hanley Falls have increased by 6.4%. Over five years, prices have risen approximately 15.3%.
How much do I need to earn to buy a home in Hanley Falls?
To comfortably afford the median home price of $148,155 with a 20% down payment ($29,631) at today's rates (6.8%), you'd need a gross annual income of approximately $39,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Hanley Falls compare to the national average home price?
The national median home value is approximately $410,000. At $148,155, homes in Hanley Falls are 64% below the national average.