Market Overview
Home Prices in Ostrander, MN
The median home value in Ostrander, MN is $298,474 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.6% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ostrander are priced27% below average. Ostrander is part of the Rochester, MN metro area.
Over the past five years, Ostrander home values have risen by approximately37.8%, reflecting strong long-term appreciation in this market.
Price History
Ostrander Home Price Trend
City Comparison
Ostrander vs. National Median
At $298,474, homes in Ostrander cost 27% below the national median of $410,000. This makes Ostrander a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ostrander?
20% Down Payment
$59,695
on $298,474
Monthly P&I
$1,557/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,977/mo
incl. taxes & insurance
Income Needed
$79,080
gross annual (30% rule)
10% Down Option
$29,847
+ PMI applies
Loan Amount (20% dn)
$238,779
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 Ostrander, MN?
The median home value in Ostrander is $298,474 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.6% year-over-year.
How much have home prices changed in Ostrander?
Over the past year, home values in Ostrander have increased by 8.6%. Over five years, prices have risen approximately 37.8%.
How much do I need to earn to buy a home in Ostrander?
To comfortably afford the median home price of $298,474 with a 20% down payment ($59,695) at today's rates (6.8%), you'd need a gross annual income of approximately $79,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Ostrander compare to the national average home price?
The national median home value is approximately $410,000. At $298,474, homes in Ostrander are 27% below the national average.
What metro area is Ostrander part of?
Ostrander is part of the Rochester, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.