Market Overview
Home Prices in Mahtomedi, MN
The median home value in Mahtomedi, MN is $491,807 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mahtomedi are priced20% above average. Mahtomedi is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Mahtomedi home values have risen by approximately16.8%, reflecting steady appreciation in this market.
Price History
Mahtomedi Home Price Trend
City Comparison
Mahtomedi vs. National Median
At $491,807, homes in Mahtomedi cost 20% above the national median of $410,000. Buyers in Mahtomedi should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Mahtomedi?
20% Down Payment
$98,361
on $491,807
Monthly P&I
$2,565/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,258/mo
incl. taxes & insurance
Income Needed
$130,320
gross annual (30% rule)
10% Down Option
$49,181
+ PMI applies
Loan Amount (20% dn)
$393,446
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 Mahtomedi, MN?
The median home value in Mahtomedi is $491,807 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Mahtomedi?
Over the past year, home values in Mahtomedi have increased by 4.4%. Over five years, prices have risen approximately 16.8%.
How much do I need to earn to buy a home in Mahtomedi?
To comfortably afford the median home price of $491,807 with a 20% down payment ($98,361) at today's rates (6.8%), you'd need a gross annual income of approximately $130,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Mahtomedi compare to the national average home price?
The national median home value is approximately $410,000. At $491,807, homes in Mahtomedi are 20% above the national average.
What metro area is Mahtomedi part of?
Mahtomedi is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.