Market Overview
Home Prices in Reads Landing, MN
The median home value in Reads Landing, MN is $303,602 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Reads Landing are priced26% below average. Reads Landing is part of the Rochester, MN metro area.
Over the past five years, Reads Landing home values have risen by approximately39.6%, reflecting strong long-term appreciation in this market.
Price History
Reads Landing Home Price Trend
City Comparison
Reads Landing vs. National Median
At $303,602, homes in Reads Landing cost 26% below the national median of $410,000. This makes Reads Landing a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Reads Landing?
20% Down Payment
$60,720
on $303,602
Monthly P&I
$1,583/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,010/mo
incl. taxes & insurance
Income Needed
$80,400
gross annual (30% rule)
10% Down Option
$30,360
+ PMI applies
Loan Amount (20% dn)
$242,882
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 Reads Landing, MN?
The median home value in Reads Landing is $303,602 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Reads Landing?
Over the past year, home values in Reads Landing have increased by 7.9%. Over five years, prices have risen approximately 39.6%.
How much do I need to earn to buy a home in Reads Landing?
To comfortably afford the median home price of $303,602 with a 20% down payment ($60,720) at today's rates (6.8%), you'd need a gross annual income of approximately $80,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Reads Landing compare to the national average home price?
The national median home value is approximately $410,000. At $303,602, homes in Reads Landing are 26% below the national average.
What metro area is Reads Landing part of?
Reads Landing is part of the Rochester, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.