Market Overview
Home Prices in Menahga, MN
The median home value in Menahga, MN is $199,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and down 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Menahga are priced51% below average.
Over the past five years, Menahga home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Menahga Home Price Trend
2020
$135,046
$135K
—
2021
$156,011
$156K
+15.5%
2022
$176,700
$177K
+13.3%
2023
$180,528
$181K
+2.2%
2024
$189,048
$189K
+4.7%
2025
$185,924
$186K
-1.7%
2026
$199,900
$200K
+7.5%
City Comparison
Menahga vs. National Median
🏠 Menahga
$199,900
National Median
$410,000
At $199,900, homes in Menahga cost 51% below the national median of $410,000. This makes Menahga a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Menahga?
20% Down Payment
$39,980
on $199,900
Monthly P&I
$1,043/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,325/mo
incl. taxes & insurance
Income Needed
$53,000
gross annual (30% rule)
10% Down Option
$19,990
+ PMI applies
Loan Amount (20% dn)
$159,920
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 Menahga, MN?
The median home value in Menahga is $199,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Menahga?
Over the past year, home values in Menahga have increased by 7.5%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Menahga?
To comfortably afford the median home price of $199,900 with a 20% down payment ($39,980) at today's rates (6.8%), you'd need a gross annual income of approximately $53,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Menahga compare to the national average home price?
The national median home value is approximately $410,000. At $199,900, homes in Menahga are 51% below the national average.