Market Overview
Home Prices in Osakis, MN
The median home value in Osakis, MN is $286,982 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% 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 Osakis are priced30% below average. Osakis is part of the Alexandria, MN metro area.
Over the past five years, Osakis home values have risen by approximately23.0%, reflecting strong long-term appreciation in this market.
Price History
Osakis Home Price Trend
City Comparison
Osakis vs. National Median
At $286,982, homes in Osakis cost 30% below the national median of $410,000. This makes Osakis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Osakis?
20% Down Payment
$57,396
on $286,982
Monthly P&I
$1,497/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,901/mo
incl. taxes & insurance
Income Needed
$76,040
gross annual (30% rule)
10% Down Option
$28,698
+ PMI applies
Loan Amount (20% dn)
$229,586
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 Osakis, MN?
The median home value in Osakis is $286,982 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Osakis?
Over the past year, home values in Osakis have increased by 1.6%. Over five years, prices have risen approximately 23.0%.
How much do I need to earn to buy a home in Osakis?
To comfortably afford the median home price of $286,982 with a 20% down payment ($57,396) at today's rates (6.8%), you'd need a gross annual income of approximately $76,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Osakis compare to the national average home price?
The national median home value is approximately $410,000. At $286,982, homes in Osakis are 30% below the national average.
What metro area is Osakis part of?
Osakis is part of the Alexandria, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.