Market Overview
Home Prices in Palisade, MN
The median home value in Palisade, MN is $267,637 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palisade are priced35% below average.
Over the past five years, Palisade home values have risen by approximately30.2%, reflecting strong long-term appreciation in this market.
Price History
Palisade Home Price Trend
2020
$175,155
$175K
—
2021
$205,634
$206K
+17.4%
2022
$237,841
$238K
+15.7%
2023
$239,033
$239K
+0.5%
2024
$245,217
$245K
+2.6%
2025
$256,260
$256K
+4.5%
2026
$267,637
$268K
+4.4%
City Comparison
Palisade vs. National Median
🏠 Palisade
$267,637
National Median
$410,000
At $267,637, homes in Palisade cost 35% below the national median of $410,000. This makes Palisade a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palisade?
20% Down Payment
$53,527
on $267,637
Monthly P&I
$1,396/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,773/mo
incl. taxes & insurance
Income Needed
$70,920
gross annual (30% rule)
10% Down Option
$26,764
+ PMI applies
Loan Amount (20% dn)
$214,110
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 Palisade, MN?
The median home value in Palisade is $267,637 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Palisade?
Over the past year, home values in Palisade have increased by 4.4%. Over five years, prices have risen approximately 30.2%.
How much do I need to earn to buy a home in Palisade?
To comfortably afford the median home price of $267,637 with a 20% down payment ($53,527) at today's rates (6.8%), you'd need a gross annual income of approximately $70,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Palisade compare to the national average home price?
The national median home value is approximately $410,000. At $267,637, homes in Palisade are 35% below the national average.