Market Overview
Home Prices in Oak Park Heights, MN
The median home value in Oak Park Heights, MN is $351,068 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oak Park Heights are priced14% below average. Oak Park Heights is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Oak Park Heights home values have risen by approximately4.9%, reflecting modest growth in this market.
Price History
Oak Park Heights Home Price Trend
City Comparison
Oak Park Heights vs. National Median
At $351,068, homes in Oak Park Heights cost 14% below the national median of $410,000. This makes Oak Park Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oak Park Heights?
20% Down Payment
$70,214
on $351,068
Monthly P&I
$1,831/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,325/mo
incl. taxes & insurance
Income Needed
$93,000
gross annual (30% rule)
10% Down Option
$35,107
+ PMI applies
Loan Amount (20% dn)
$280,854
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 Oak Park Heights, MN?
The median home value in Oak Park Heights is $351,068 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Oak Park Heights?
Over the past year, home values in Oak Park Heights have decreased by 0.7%. Over five years, prices have risen approximately 4.9%.
How much do I need to earn to buy a home in Oak Park Heights?
To comfortably afford the median home price of $351,068 with a 20% down payment ($70,214) at today's rates (6.8%), you'd need a gross annual income of approximately $93,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Oak Park Heights compare to the national average home price?
The national median home value is approximately $410,000. At $351,068, homes in Oak Park Heights are 14% below the national average.
What metro area is Oak Park Heights part of?
Oak Park Heights is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.