Market Overview
Home Prices in Hills, MN
The median home value in Hills, MN is $264,079 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.6% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hills are priced36% below average.
Over the past five years, Hills home values have risen by approximately41.8%, reflecting strong long-term appreciation in this market.
Price History
Hills Home Price Trend
2020
$175,236
$175K
—
2021
$186,225
$186K
+6.3%
2022
$214,270
$214K
+15.1%
2023
$221,265
$221K
+3.3%
2024
$235,611
$236K
+6.5%
2025
$240,912
$241K
+2.2%
2026
$264,079
$264K
+9.6%
City Comparison
Hills vs. National Median
🏠 Hills
$264,079
National Median
$410,000
At $264,079, homes in Hills cost 36% below the national median of $410,000. This makes Hills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hills?
20% Down Payment
$52,816
on $264,079
Monthly P&I
$1,377/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,749/mo
incl. taxes & insurance
Income Needed
$69,960
gross annual (30% rule)
10% Down Option
$26,408
+ PMI applies
Loan Amount (20% dn)
$211,263
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 Hills, MN?
The median home value in Hills is $264,079 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.6% year-over-year.
How much have home prices changed in Hills?
Over the past year, home values in Hills have increased by 9.6%. Over five years, prices have risen approximately 41.8%.
How much do I need to earn to buy a home in Hills?
To comfortably afford the median home price of $264,079 with a 20% down payment ($52,816) at today's rates (6.8%), you'd need a gross annual income of approximately $69,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Hills compare to the national average home price?
The national median home value is approximately $410,000. At $264,079, homes in Hills are 36% below the national average.