Market Overview
Home Prices in Oklee, MN
The median home value in Oklee, MN is $209,157 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.8% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oklee are priced49% below average. Oklee is part of the Grand Forks, ND-MN metro area.
Over the past five years, Oklee home values have risen by approximately12.5%, reflecting steady appreciation in this market.
Price History
Oklee Home Price Trend
2020
$160,397
$160K
—
2021
$185,846
$186K
+15.9%
2022
$210,457
$210K
+13.2%
2023
$213,655
$214K
+1.5%
2024
$189,897
$190K
-11.1%
2025
$194,021
$194K
+2.2%
2026
$209,157
$209K
+7.8%
City Comparison
Oklee vs. National Median
🏠 Oklee
$209,157
National Median
$410,000
At $209,157, homes in Oklee cost 49% below the national median of $410,000. This makes Oklee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oklee?
20% Down Payment
$41,831
on $209,157
Monthly P&I
$1,091/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,386/mo
incl. taxes & insurance
Income Needed
$55,440
gross annual (30% rule)
10% Down Option
$20,916
+ PMI applies
Loan Amount (20% dn)
$167,326
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 Oklee, MN?
The median home value in Oklee is $209,157 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.8% year-over-year.
How much have home prices changed in Oklee?
Over the past year, home values in Oklee have increased by 7.8%. Over five years, prices have risen approximately 12.5%.
How much do I need to earn to buy a home in Oklee?
To comfortably afford the median home price of $209,157 with a 20% down payment ($41,831) at today's rates (6.8%), you'd need a gross annual income of approximately $55,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Oklee compare to the national average home price?
The national median home value is approximately $410,000. At $209,157, homes in Oklee are 49% below the national average.
What metro area is Oklee part of?
Oklee is part of the Grand Forks, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.