Market Overview
Home Prices in Kensington, MN
The median home value in Kensington, MN is $289,289 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kensington are priced29% below average. Kensington is part of the Alexandria, MN metro area.
Over the past five years, Kensington home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Kensington Home Price Trend
City Comparison
Kensington vs. National Median
At $289,289, homes in Kensington cost 29% below the national median of $410,000. This makes Kensington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kensington?
20% Down Payment
$57,858
on $289,289
Monthly P&I
$1,509/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,916/mo
incl. taxes & insurance
Income Needed
$76,640
gross annual (30% rule)
10% Down Option
$28,929
+ PMI applies
Loan Amount (20% dn)
$231,431
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 Kensington, MN?
The median home value in Kensington is $289,289 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Kensington?
Over the past year, home values in Kensington have increased by 6.1%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Kensington?
To comfortably afford the median home price of $289,289 with a 20% down payment ($57,858) at today's rates (6.8%), you'd need a gross annual income of approximately $76,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Kensington compare to the national average home price?
The national median home value is approximately $410,000. At $289,289, homes in Kensington are 29% below the national average.
What metro area is Kensington part of?
Kensington is part of the Alexandria, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.