Market Overview
Home Prices in Nevis, MN
The median home value in Nevis, MN is $367,295 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nevis are priced10% below average.
Over the past five years, Nevis home values have risen by approximately29.4%, reflecting strong long-term appreciation in this market.
Price History
Nevis Home Price Trend
2020
$246,631
$247K
—
2021
$283,882
$284K
+15.1%
2022
$333,197
$333K
+17.4%
2023
$333,891
$334K
+0.2%
2024
$343,336
$343K
+2.8%
2025
$354,907
$355K
+3.4%
2026
$367,295
$367K
+3.5%
City Comparison
Nevis vs. National Median
🏠 Nevis
$367,295
National Median
$410,000
At $367,295, homes in Nevis cost 10% below the national median of $410,000. This makes Nevis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nevis?
20% Down Payment
$73,459
on $367,295
Monthly P&I
$1,916/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,433/mo
incl. taxes & insurance
Income Needed
$97,320
gross annual (30% rule)
10% Down Option
$36,730
+ PMI applies
Loan Amount (20% dn)
$293,836
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 Nevis, MN?
The median home value in Nevis is $367,295 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Nevis?
Over the past year, home values in Nevis have increased by 3.5%. Over five years, prices have risen approximately 29.4%.
How much do I need to earn to buy a home in Nevis?
To comfortably afford the median home price of $367,295 with a 20% down payment ($73,459) at today's rates (6.8%), you'd need a gross annual income of approximately $97,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Nevis compare to the national average home price?
The national median home value is approximately $410,000. At $367,295, homes in Nevis are 10% below the national average.