Market Overview
Home Prices in Hinckley, MN
The median home value in Hinckley, MN is $199,182 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hinckley are priced51% below average.
Over the past five years, Hinckley home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Hinckley Home Price Trend
2020
$121,332
$121K
—
2021
$150,553
$151K
+24.1%
2022
$172,661
$173K
+14.7%
2023
$179,724
$180K
+4.1%
2024
$188,780
$189K
+5.0%
2025
$191,369
$191K
+1.4%
2026
$199,182
$199K
+4.1%
City Comparison
Hinckley vs. National Median
🏠 Hinckley
$199,182
National Median
$410,000
At $199,182, homes in Hinckley cost 51% below the national median of $410,000. This makes Hinckley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hinckley?
20% Down Payment
$39,836
on $199,182
Monthly P&I
$1,039/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,320/mo
incl. taxes & insurance
Income Needed
$52,800
gross annual (30% rule)
10% Down Option
$19,918
+ PMI applies
Loan Amount (20% dn)
$159,346
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 Hinckley, MN?
The median home value in Hinckley is $199,182 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Hinckley?
Over the past year, home values in Hinckley have increased by 4.1%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Hinckley?
To comfortably afford the median home price of $199,182 with a 20% down payment ($39,836) at today's rates (6.8%), you'd need a gross annual income of approximately $52,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Hinckley compare to the national average home price?
The national median home value is approximately $410,000. At $199,182, homes in Hinckley are 51% below the national average.