Market Overview
Home Prices in North Oaks, MN
The median home value in North Oaks, MN is $967,961 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in North Oaks are priced136% above average. North Oaks is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, North Oaks home values have risen by approximately26.3%, reflecting strong long-term appreciation in this market.
Price History
North Oaks Home Price Trend
City Comparison
North Oaks vs. National Median
At $967,961, homes in North Oaks cost 136% above the national median of $410,000. Buyers in North Oaks should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in North Oaks?
20% Down Payment
$193,592
on $967,961
Monthly P&I
$5,048/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,411/mo
incl. taxes & insurance
Income Needed
$256,440
gross annual (30% rule)
10% Down Option
$96,796
+ PMI applies
Loan Amount (20% dn)
$774,369
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 Oaks, MN?
The median home value in North Oaks is $967,961 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in North Oaks?
Over the past year, home values in North Oaks have increased by 2.1%. Over five years, prices have risen approximately 26.3%.
How much do I need to earn to buy a home in North Oaks?
To comfortably afford the median home price of $967,961 with a 20% down payment ($193,592) at today's rates (6.8%), you'd need a gross annual income of approximately $256,440. This assumes keeping total housing costs at or below 30% of gross income.
How does North Oaks compare to the national average home price?
The national median home value is approximately $410,000. At $967,961, homes in North Oaks are 136% above the national average.
What metro area is North Oaks part of?
North Oaks is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.