Market Overview
Home Prices in Nerstrand, MN
The median home value in Nerstrand, MN is $431,273 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nerstrand are priced5% above average. Nerstrand is part of the Faribault-Northfield, MN metro area.
Over the past five years, Nerstrand home values have risen by approximately30.0%, reflecting strong long-term appreciation in this market.
Price History
Nerstrand Home Price Trend
City Comparison
Nerstrand vs. National Median
At $431,273, homes in Nerstrand cost 5% above the national median of $410,000. Buyers in Nerstrand should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Nerstrand?
20% Down Payment
$86,255
on $431,273
Monthly P&I
$2,249/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,856/mo
incl. taxes & insurance
Income Needed
$114,240
gross annual (30% rule)
10% Down Option
$43,127
+ PMI applies
Loan Amount (20% dn)
$345,018
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 Nerstrand, MN?
The median home value in Nerstrand is $431,273 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 Nerstrand?
Over the past year, home values in Nerstrand have increased by 4.5%. Over five years, prices have risen approximately 30.0%.
How much do I need to earn to buy a home in Nerstrand?
To comfortably afford the median home price of $431,273 with a 20% down payment ($86,255) at today's rates (6.8%), you'd need a gross annual income of approximately $114,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Nerstrand compare to the national average home price?
The national median home value is approximately $410,000. At $431,273, homes in Nerstrand are 5% above the national average.
What metro area is Nerstrand part of?
Nerstrand is part of the Faribault-Northfield, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.