Market Overview
Home Prices in Hendricks, MN
The median home value in Hendricks, MN is $243,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.6% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hendricks are priced41% below average.
Over the past five years, Hendricks home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Hendricks Home Price Trend
2020
$153,569
$154K
—
2021
$185,313
$185K
+20.7%
2022
$203,554
$204K
+9.8%
2023
$198,377
$198K
-2.5%
2024
$213,718
$214K
+7.7%
2025
$220,572
$221K
+3.2%
2026
$243,895
$244K
+10.6%
City Comparison
Hendricks vs. National Median
🏠 Hendricks
$243,895
National Median
$410,000
At $243,895, homes in Hendricks cost 41% below the national median of $410,000. This makes Hendricks a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hendricks?
20% Down Payment
$48,779
on $243,895
Monthly P&I
$1,272/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,615/mo
incl. taxes & insurance
Income Needed
$64,600
gross annual (30% rule)
10% Down Option
$24,390
+ PMI applies
Loan Amount (20% dn)
$195,116
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 Hendricks, MN?
The median home value in Hendricks is $243,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.6% year-over-year.
How much have home prices changed in Hendricks?
Over the past year, home values in Hendricks have increased by 10.6%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Hendricks?
To comfortably afford the median home price of $243,895 with a 20% down payment ($48,779) at today's rates (6.8%), you'd need a gross annual income of approximately $64,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Hendricks compare to the national average home price?
The national median home value is approximately $410,000. At $243,895, homes in Hendricks are 41% below the national average.