Market Overview
Home Prices in Olivia, MN
The median home value in Olivia, MN is $200,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.4% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olivia are priced51% below average.
Over the past five years, Olivia home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Olivia Home Price Trend
2020
$131,197
$131K
—
2021
$155,239
$155K
+18.3%
2022
$170,395
$170K
+9.8%
2023
$176,920
$177K
+3.8%
2024
$179,422
$179K
+1.4%
2025
$178,649
$179K
-0.4%
2026
$200,742
$201K
+12.4%
City Comparison
Olivia vs. National Median
🏠 Olivia
$200,742
National Median
$410,000
At $200,742, homes in Olivia cost 51% below the national median of $410,000. This makes Olivia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olivia?
20% Down Payment
$40,148
on $200,742
Monthly P&I
$1,047/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,330/mo
incl. taxes & insurance
Income Needed
$53,200
gross annual (30% rule)
10% Down Option
$20,074
+ PMI applies
Loan Amount (20% dn)
$160,594
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 Olivia, MN?
The median home value in Olivia is $200,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.4% year-over-year.
How much have home prices changed in Olivia?
Over the past year, home values in Olivia have increased by 12.4%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Olivia?
To comfortably afford the median home price of $200,742 with a 20% down payment ($40,148) at today's rates (6.8%), you'd need a gross annual income of approximately $53,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Olivia compare to the national average home price?
The national median home value is approximately $410,000. At $200,742, homes in Olivia are 51% below the national average.