Market Overview
Home Prices in North Branch, MN
The median home value in North Branch, MN is $360,507 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in North Branch are priced12% below average. North Branch is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, North Branch home values have risen by approximately16.0%, reflecting steady appreciation in this market.
Price History
North Branch Home Price Trend
City Comparison
North Branch vs. National Median
At $360,507, homes in North Branch cost 12% below the national median of $410,000. This makes North Branch a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in North Branch?
20% Down Payment
$72,101
on $360,507
Monthly P&I
$1,880/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,388/mo
incl. taxes & insurance
Income Needed
$95,520
gross annual (30% rule)
10% Down Option
$36,051
+ PMI applies
Loan Amount (20% dn)
$288,406
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 North Branch, MN?
The median home value in North Branch is $360,507 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in North Branch?
Over the past year, home values in North Branch have increased by 2%. Over five years, prices have risen approximately 16.0%.
How much do I need to earn to buy a home in North Branch?
To comfortably afford the median home price of $360,507 with a 20% down payment ($72,101) at today's rates (6.8%), you'd need a gross annual income of approximately $95,520. This assumes keeping total housing costs at or below 30% of gross income.
How does North Branch compare to the national average home price?
The national median home value is approximately $410,000. At $360,507, homes in North Branch are 12% below the national average.
What metro area is North Branch part of?
North Branch is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.