Market Overview
Home Prices in Nashwauk, MN
The median home value in Nashwauk, MN is $130,735 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nashwauk are priced68% below average. Nashwauk is part of the Grand Rapids, MN metro area.
Over the past five years, Nashwauk home values have risen by approximately33.8%, reflecting strong long-term appreciation in this market.
Price History
Nashwauk Home Price Trend
City Comparison
Nashwauk vs. National Median
At $130,735, homes in Nashwauk cost 68% below the national median of $410,000. This makes Nashwauk a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nashwauk?
20% Down Payment
$26,147
on $130,735
Monthly P&I
$682/mo
30-yr @ 6.8%
Total Monthly Est.
~$866/mo
incl. taxes & insurance
Income Needed
$34,640
gross annual (30% rule)
10% Down Option
$13,074
+ PMI applies
Loan Amount (20% dn)
$104,588
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 Nashwauk, MN?
The median home value in Nashwauk is $130,735 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Nashwauk?
Over the past year, home values in Nashwauk have increased by 0.5%. Over five years, prices have risen approximately 33.8%.
How much do I need to earn to buy a home in Nashwauk?
To comfortably afford the median home price of $130,735 with a 20% down payment ($26,147) at today's rates (6.8%), you'd need a gross annual income of approximately $34,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Nashwauk compare to the national average home price?
The national median home value is approximately $410,000. At $130,735, homes in Nashwauk are 68% below the national average.
What metro area is Nashwauk part of?
Nashwauk is part of the Grand Rapids, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.