Market Overview
Home Prices in Hector, MN
The median home value in Hector, MN is $213,421 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.1% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hector are priced48% below average.
Over the past five years, Hector home values have risen by approximately37.7%, reflecting strong long-term appreciation in this market.
Price History
Hector Home Price Trend
2020
$129,728
$130K
—
2021
$155,012
$155K
+19.5%
2022
$173,447
$173K
+11.9%
2023
$181,190
$181K
+4.5%
2024
$185,295
$185K
+2.3%
2025
$193,891
$194K
+4.6%
2026
$213,421
$213K
+10.1%
City Comparison
Hector vs. National Median
🏠 Hector
$213,421
National Median
$410,000
At $213,421, homes in Hector cost 48% below the national median of $410,000. This makes Hector a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hector?
20% Down Payment
$42,684
on $213,421
Monthly P&I
$1,113/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,414/mo
incl. taxes & insurance
Income Needed
$56,560
gross annual (30% rule)
10% Down Option
$21,342
+ PMI applies
Loan Amount (20% dn)
$170,737
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 Hector, MN?
The median home value in Hector is $213,421 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.1% year-over-year.
How much have home prices changed in Hector?
Over the past year, home values in Hector have increased by 10.1%. Over five years, prices have risen approximately 37.7%.
How much do I need to earn to buy a home in Hector?
To comfortably afford the median home price of $213,421 with a 20% down payment ($42,684) at today's rates (6.8%), you'd need a gross annual income of approximately $56,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Hector compare to the national average home price?
The national median home value is approximately $410,000. At $213,421, homes in Hector are 48% below the national average.