Market Overview
Home Prices in Kerrick, MN
The median home value in Kerrick, MN is $238,383 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.4% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kerrick are priced42% below average.
Over the past five years, Kerrick home values have risen by approximately21.2%, reflecting strong long-term appreciation in this market.
Price History
Kerrick Home Price Trend
2020
$155,505
$156K
—
2021
$196,766
$197K
+26.5%
2022
$237,178
$237K
+20.5%
2023
$232,879
$233K
-1.8%
2024
$247,073
$247K
+6.1%
2025
$246,743
$247K
-0.1%
2026
$238,383
$238K
-3.4%
City Comparison
Kerrick vs. National Median
🏠 Kerrick
$238,383
National Median
$410,000
At $238,383, homes in Kerrick cost 42% below the national median of $410,000. This makes Kerrick a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kerrick?
20% Down Payment
$47,677
on $238,383
Monthly P&I
$1,243/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,579/mo
incl. taxes & insurance
Income Needed
$63,160
gross annual (30% rule)
10% Down Option
$23,838
+ PMI applies
Loan Amount (20% dn)
$190,706
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 Kerrick, MN?
The median home value in Kerrick is $238,383 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.4% year-over-year.
How much have home prices changed in Kerrick?
Over the past year, home values in Kerrick have decreased by 3.4%. Over five years, prices have risen approximately 21.2%.
How much do I need to earn to buy a home in Kerrick?
To comfortably afford the median home price of $238,383 with a 20% down payment ($47,677) at today's rates (6.8%), you'd need a gross annual income of approximately $63,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Kerrick compare to the national average home price?
The national median home value is approximately $410,000. At $238,383, homes in Kerrick are 42% below the national average.