Market Overview
Home Prices in Mound, MN
The median home value in Mound, MN is $389,403 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mound are priced5% below average. Mound is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Mound home values have risen by approximately13.5%, reflecting steady appreciation in this market.
Price History
Mound Home Price Trend
City Comparison
Mound vs. National Median
At $389,403, homes in Mound cost 5% below the national median of $410,000. This makes Mound a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mound?
20% Down Payment
$77,881
on $389,403
Monthly P&I
$2,031/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,579/mo
incl. taxes & insurance
Income Needed
$103,160
gross annual (30% rule)
10% Down Option
$38,940
+ PMI applies
Loan Amount (20% dn)
$311,522
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 Mound, MN?
The median home value in Mound is $389,403 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Mound?
Over the past year, home values in Mound have increased by 1.5%. Over five years, prices have risen approximately 13.5%.
How much do I need to earn to buy a home in Mound?
To comfortably afford the median home price of $389,403 with a 20% down payment ($77,881) at today's rates (6.8%), you'd need a gross annual income of approximately $103,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Mound compare to the national average home price?
The national median home value is approximately $410,000. At $389,403, homes in Mound are 5% below the national average.
What metro area is Mound part of?
Mound is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.