Market Overview
Home Prices in McGrath, MN
The median home value in McGrath, MN is $214,576 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in McGrath are priced48% below average.
Over the past five years, McGrath home values have risen by approximately20.8%, reflecting strong long-term appreciation in this market.
Price History
McGrath Home Price Trend
2020
$148,280
$148K
—
2021
$177,652
$178K
+19.8%
2022
$206,932
$207K
+16.5%
2023
$205,829
$206K
-0.5%
2024
$202,471
$202K
-1.6%
2025
$205,378
$205K
+1.4%
2026
$214,576
$215K
+4.5%
City Comparison
McGrath vs. National Median
🏠 McGrath
$214,576
National Median
$410,000
At $214,576, homes in McGrath cost 48% below the national median of $410,000. This makes McGrath a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McGrath?
20% Down Payment
$42,915
on $214,576
Monthly P&I
$1,119/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,421/mo
incl. taxes & insurance
Income Needed
$56,840
gross annual (30% rule)
10% Down Option
$21,458
+ PMI applies
Loan Amount (20% dn)
$171,661
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 McGrath, MN?
The median home value in McGrath is $214,576 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in McGrath?
Over the past year, home values in McGrath have increased by 4.5%. Over five years, prices have risen approximately 20.8%.
How much do I need to earn to buy a home in McGrath?
To comfortably afford the median home price of $214,576 with a 20% down payment ($42,915) at today's rates (6.8%), you'd need a gross annual income of approximately $56,840. This assumes keeping total housing costs at or below 30% of gross income.
How does McGrath compare to the national average home price?
The national median home value is approximately $410,000. At $214,576, homes in McGrath are 48% below the national average.