Market Overview
Home Prices in Renville, MN
The median home value in Renville, MN is $199,271 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.7% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Renville are priced51% below average.
Over the past five years, Renville home values have risen by approximately30.5%, reflecting strong long-term appreciation in this market.
Price History
Renville Home Price Trend
2020
$124,316
$124K
—
2021
$152,693
$153K
+22.8%
2022
$173,549
$174K
+13.7%
2023
$181,732
$182K
+4.7%
2024
$182,269
$182K
+0.3%
2025
$183,314
$183K
+0.6%
2026
$199,271
$199K
+8.7%
City Comparison
Renville vs. National Median
🏠 Renville
$199,271
National Median
$410,000
At $199,271, homes in Renville cost 51% below the national median of $410,000. This makes Renville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Renville?
20% Down Payment
$39,854
on $199,271
Monthly P&I
$1,039/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,320/mo
incl. taxes & insurance
Income Needed
$52,800
gross annual (30% rule)
10% Down Option
$19,927
+ PMI applies
Loan Amount (20% dn)
$159,417
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 Renville, MN?
The median home value in Renville is $199,271 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.7% year-over-year.
How much have home prices changed in Renville?
Over the past year, home values in Renville have increased by 8.7%. Over five years, prices have risen approximately 30.5%.
How much do I need to earn to buy a home in Renville?
To comfortably afford the median home price of $199,271 with a 20% down payment ($39,854) at today's rates (6.8%), you'd need a gross annual income of approximately $52,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Renville compare to the national average home price?
The national median home value is approximately $410,000. At $199,271, homes in Renville are 51% below the national average.