Market Overview
Home Prices in Litchfield, MN
The median home value in Litchfield, MN is $260,656 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Litchfield are priced36% below average.
Over the past five years, Litchfield home values have risen by approximately30.0%, reflecting strong long-term appreciation in this market.
Price History
Litchfield Home Price Trend
2020
$175,891
$176K
—
2021
$200,538
$201K
+14.0%
2022
$232,330
$232K
+15.9%
2023
$233,776
$234K
+0.6%
2024
$240,345
$240K
+2.8%
2025
$251,166
$251K
+4.5%
2026
$260,656
$261K
+3.8%
City Comparison
Litchfield vs. National Median
🏠 Litchfield
$260,656
National Median
$410,000
At $260,656, homes in Litchfield cost 36% below the national median of $410,000. This makes Litchfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Litchfield?
20% Down Payment
$52,131
on $260,656
Monthly P&I
$1,359/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,726/mo
incl. taxes & insurance
Income Needed
$69,040
gross annual (30% rule)
10% Down Option
$26,066
+ PMI applies
Loan Amount (20% dn)
$208,525
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 Litchfield, MN?
The median home value in Litchfield is $260,656 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Litchfield?
Over the past year, home values in Litchfield have increased by 3.8%. Over five years, prices have risen approximately 30.0%.
How much do I need to earn to buy a home in Litchfield?
To comfortably afford the median home price of $260,656 with a 20% down payment ($52,131) at today's rates (6.8%), you'd need a gross annual income of approximately $69,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Litchfield compare to the national average home price?
The national median home value is approximately $410,000. At $260,656, homes in Litchfield are 36% below the national average.