Market Overview
Home Prices in Lester Prairie, MN
The median home value in Lester Prairie, MN is $330,452 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% 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 Lester Prairie are priced19% below average. Lester Prairie is part of the Hutchinson, MN metro area.
Over the past five years, Lester Prairie home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Lester Prairie Home Price Trend
City Comparison
Lester Prairie vs. National Median
At $330,452, homes in Lester Prairie cost 19% below the national median of $410,000. This makes Lester Prairie a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lester Prairie?
20% Down Payment
$66,090
on $330,452
Monthly P&I
$1,723/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,188/mo
incl. taxes & insurance
Income Needed
$87,520
gross annual (30% rule)
10% Down Option
$33,045
+ PMI applies
Loan Amount (20% dn)
$264,362
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 Lester Prairie, MN?
The median home value in Lester Prairie is $330,452 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 Lester Prairie?
Over the past year, home values in Lester Prairie have increased by 4.1%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Lester Prairie?
To comfortably afford the median home price of $330,452 with a 20% down payment ($66,090) at today's rates (6.8%), you'd need a gross annual income of approximately $87,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Lester Prairie compare to the national average home price?
The national median home value is approximately $410,000. At $330,452, homes in Lester Prairie are 19% below the national average.
What metro area is Lester Prairie part of?
Lester Prairie is part of the Hutchinson, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.