Market Overview
Home Prices in Hovland, MN
The median home value in Hovland, MN is $327,055 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hovland are priced20% below average.
Price History
Hovland Home Price Trend
2024
$321,426
$321K
—
2025
$328,081
$328K
+2.1%
2026
$327,055
$327K
-0.3%
City Comparison
Hovland vs. National Median
🏠 Hovland
$327,055
National Median
$410,000
At $327,055, homes in Hovland cost 20% below the national median of $410,000. This makes Hovland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hovland?
20% Down Payment
$65,411
on $327,055
Monthly P&I
$1,706/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,167/mo
incl. taxes & insurance
Income Needed
$86,680
gross annual (30% rule)
10% Down Option
$32,706
+ PMI applies
Loan Amount (20% dn)
$261,644
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 Hovland, MN?
The median home value in Hovland is $327,055 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Hovland?
Over the past year, home values in Hovland have decreased by 0.3%.
How much do I need to earn to buy a home in Hovland?
To comfortably afford the median home price of $327,055 with a 20% down payment ($65,411) at today's rates (6.8%), you'd need a gross annual income of approximately $86,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Hovland compare to the national average home price?
The national median home value is approximately $410,000. At $327,055, homes in Hovland are 20% below the national average.