Market Overview
Home Prices in Mahnomen, MN
The median home value in Mahnomen, MN is $154,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mahnomen are priced62% below average.
Over the past five years, Mahnomen home values have risen by approximately15.0%, reflecting steady appreciation in this market.
Price History
Mahnomen Home Price Trend
2020
$121,279
$121K
—
2021
$134,493
$134K
+10.9%
2022
$137,837
$138K
+2.5%
2023
$145,528
$146K
+5.6%
2024
$145,842
$146K
+0.2%
2025
$141,427
$141K
-3.0%
2026
$154,702
$155K
+9.4%
City Comparison
Mahnomen vs. National Median
🏠 Mahnomen
$154,702
National Median
$410,000
At $154,702, homes in Mahnomen cost 62% below the national median of $410,000. This makes Mahnomen a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mahnomen?
20% Down Payment
$30,940
on $154,702
Monthly P&I
$807/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,025/mo
incl. taxes & insurance
Income Needed
$41,000
gross annual (30% rule)
10% Down Option
$15,470
+ PMI applies
Loan Amount (20% dn)
$123,762
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 Mahnomen, MN?
The median home value in Mahnomen is $154,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Mahnomen?
Over the past year, home values in Mahnomen have increased by 9.4%. Over five years, prices have risen approximately 15.0%.
How much do I need to earn to buy a home in Mahnomen?
To comfortably afford the median home price of $154,702 with a 20% down payment ($30,940) at today's rates (6.8%), you'd need a gross annual income of approximately $41,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Mahnomen compare to the national average home price?
The national median home value is approximately $410,000. At $154,702, homes in Mahnomen are 62% below the national average.