Market Overview
Home Prices in Madelia, MN
The median home value in Madelia, MN is $196,959 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Madelia are priced52% below average. Madelia is part of the Mankato, MN metro area.
Over the past five years, Madelia home values have risen by approximately51.1%, reflecting strong long-term appreciation in this market.
Price History
Madelia Home Price Trend
City Comparison
Madelia vs. National Median
At $196,959, homes in Madelia cost 52% below the national median of $410,000. This makes Madelia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Madelia?
20% Down Payment
$39,392
on $196,959
Monthly P&I
$1,027/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,304/mo
incl. taxes & insurance
Income Needed
$52,160
gross annual (30% rule)
10% Down Option
$19,696
+ PMI applies
Loan Amount (20% dn)
$157,567
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 Madelia, MN?
The median home value in Madelia is $196,959 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Madelia?
Over the past year, home values in Madelia have increased by 7.4%. Over five years, prices have risen approximately 51.1%.
How much do I need to earn to buy a home in Madelia?
To comfortably afford the median home price of $196,959 with a 20% down payment ($39,392) at today's rates (6.8%), you'd need a gross annual income of approximately $52,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Madelia compare to the national average home price?
The national median home value is approximately $410,000. At $196,959, homes in Madelia are 52% below the national average.
What metro area is Madelia part of?
Madelia is part of the Mankato, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.