Market Overview
Home Prices in Hutchinson, MN
The median home value in Hutchinson, MN is $303,437 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hutchinson are priced26% below average. Hutchinson is part of the Hutchinson, MN metro area.
Over the past five years, Hutchinson home values have risen by approximately31.4%, reflecting strong long-term appreciation in this market.
Price History
Hutchinson Home Price Trend
City Comparison
Hutchinson vs. National Median
At $303,437, homes in Hutchinson cost 26% below the national median of $410,000. This makes Hutchinson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hutchinson?
20% Down Payment
$60,687
on $303,437
Monthly P&I
$1,583/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,010/mo
incl. taxes & insurance
Income Needed
$80,400
gross annual (30% rule)
10% Down Option
$30,344
+ PMI applies
Loan Amount (20% dn)
$242,750
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 Hutchinson, MN?
The median home value in Hutchinson is $303,437 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Hutchinson?
Over the past year, home values in Hutchinson have increased by 2.3%. Over five years, prices have risen approximately 31.4%.
How much do I need to earn to buy a home in Hutchinson?
To comfortably afford the median home price of $303,437 with a 20% down payment ($60,687) at today's rates (6.8%), you'd need a gross annual income of approximately $80,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Hutchinson compare to the national average home price?
The national median home value is approximately $410,000. At $303,437, homes in Hutchinson are 26% below the national average.
What metro area is Hutchinson part of?
Hutchinson is part of the Hutchinson, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.