Market Overview
Home Prices in Northome, MN
The median home value in Northome, MN is $193,169 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Northome are priced53% below average. Northome is part of the Grand Rapids, MN metro area.
Over the past five years, Northome home values have risen by approximately17.2%, reflecting steady appreciation in this market.
Price History
Northome Home Price Trend
City Comparison
Northome vs. National Median
At $193,169, homes in Northome cost 53% below the national median of $410,000. This makes Northome a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Northome?
20% Down Payment
$38,634
on $193,169
Monthly P&I
$1,007/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,279/mo
incl. taxes & insurance
Income Needed
$51,160
gross annual (30% rule)
10% Down Option
$19,317
+ PMI applies
Loan Amount (20% dn)
$154,535
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 Northome, MN?
The median home value in Northome is $193,169 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Northome?
Over the past year, home values in Northome have decreased by 1.3%. Over five years, prices have risen approximately 17.2%.
How much do I need to earn to buy a home in Northome?
To comfortably afford the median home price of $193,169 with a 20% down payment ($38,634) at today's rates (6.8%), you'd need a gross annual income of approximately $51,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Northome compare to the national average home price?
The national median home value is approximately $410,000. At $193,169, homes in Northome are 53% below the national average.
What metro area is Northome part of?
Northome is part of the Grand Rapids, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.