Market Overview
Home Prices in Orono, MN
The median home value in Orono, MN is $1,155,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Orono are priced182% above average. Orono is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Orono home values have risen by approximately36.7%, reflecting strong long-term appreciation in this market.
Price History
Orono Home Price Trend
City Comparison
Orono vs. National Median
At $1,155,624, homes in Orono cost 182% above the national median of $410,000. Buyers in Orono should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Orono?
20% Down Payment
$231,125
on $1,155,624
Monthly P&I
$6,027/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,654/mo
incl. taxes & insurance
Income Needed
$306,160
gross annual (30% rule)
10% Down Option
$115,562
+ PMI applies
Loan Amount (20% dn)
$924,499
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 Orono, MN?
The median home value in Orono is $1,155,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Orono?
Over the past year, home values in Orono have increased by 6.5%. Over five years, prices have risen approximately 36.7%.
How much do I need to earn to buy a home in Orono?
To comfortably afford the median home price of $1,155,624 with a 20% down payment ($231,125) at today's rates (6.8%), you'd need a gross annual income of approximately $306,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Orono compare to the national average home price?
The national median home value is approximately $410,000. At $1,155,624, homes in Orono are 182% above the national average.
What metro area is Orono part of?
Orono is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.