Market Overview
Home Prices in Mayer, MN
The median home value in Mayer, MN is $395,325 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mayer are priced4% below average. Mayer is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Mayer home values have risen by approximately13.8%, reflecting steady appreciation in this market.
Price History
Mayer Home Price Trend
City Comparison
Mayer vs. National Median
At $395,325, homes in Mayer cost 4% below the national median of $410,000. This makes Mayer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mayer?
20% Down Payment
$79,065
on $395,325
Monthly P&I
$2,062/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,619/mo
incl. taxes & insurance
Income Needed
$104,760
gross annual (30% rule)
10% Down Option
$39,533
+ PMI applies
Loan Amount (20% dn)
$316,260
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 Mayer, MN?
The median home value in Mayer is $395,325 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Mayer?
Over the past year, home values in Mayer have increased by 2.2%. Over five years, prices have risen approximately 13.8%.
How much do I need to earn to buy a home in Mayer?
To comfortably afford the median home price of $395,325 with a 20% down payment ($79,065) at today's rates (6.8%), you'd need a gross annual income of approximately $104,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Mayer compare to the national average home price?
The national median home value is approximately $410,000. At $395,325, homes in Mayer are 4% below the national average.
What metro area is Mayer part of?
Mayer is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.