Market Overview
Home Prices in Nicollet, MN
The median home value in Nicollet, MN is $333,073 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.5% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nicollet are priced19% below average. Nicollet is part of the Mankato, MN metro area.
Over the past five years, Nicollet home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Nicollet Home Price Trend
City Comparison
Nicollet vs. National Median
At $333,073, homes in Nicollet cost 19% below the national median of $410,000. This makes Nicollet a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nicollet?
20% Down Payment
$66,615
on $333,073
Monthly P&I
$1,737/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,206/mo
incl. taxes & insurance
Income Needed
$88,240
gross annual (30% rule)
10% Down Option
$33,307
+ PMI applies
Loan Amount (20% dn)
$266,458
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 Nicollet, MN?
The median home value in Nicollet is $333,073 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.5% year-over-year.
How much have home prices changed in Nicollet?
Over the past year, home values in Nicollet have increased by 8.5%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Nicollet?
To comfortably afford the median home price of $333,073 with a 20% down payment ($66,615) at today's rates (6.8%), you'd need a gross annual income of approximately $88,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Nicollet compare to the national average home price?
The national median home value is approximately $410,000. At $333,073, homes in Nicollet are 19% below the national average.
What metro area is Nicollet part of?
Nicollet is part of the Mankato, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.