Market Overview
Home Prices in Rice, MN
The median home value in Rice, MN is $357,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rice are priced13% below average. Rice is part of the St. Cloud, MN metro area.
Over the past five years, Rice home values have risen by approximately27.7%, reflecting strong long-term appreciation in this market.
Price History
Rice Home Price Trend
2020
$243,504
$244K
—
2021
$280,212
$280K
+15.1%
2022
$320,577
$321K
+14.4%
2023
$323,256
$323K
+0.8%
2024
$337,749
$338K
+4.5%
2025
$348,547
$349K
+3.2%
2026
$357,900
$358K
+2.7%
City Comparison
Rice vs. National Median
🏠 Rice
$357,900
National Median
$410,000
At $357,900, homes in Rice cost 13% below the national median of $410,000. This makes Rice a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rice?
20% Down Payment
$71,580
on $357,900
Monthly P&I
$1,867/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,371/mo
incl. taxes & insurance
Income Needed
$94,840
gross annual (30% rule)
10% Down Option
$35,790
+ PMI applies
Loan Amount (20% dn)
$286,320
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 Rice, MN?
The median home value in Rice is $357,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Rice?
Over the past year, home values in Rice have increased by 2.7%. Over five years, prices have risen approximately 27.7%.
How much do I need to earn to buy a home in Rice?
To comfortably afford the median home price of $357,900 with a 20% down payment ($71,580) at today's rates (6.8%), you'd need a gross annual income of approximately $94,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Rice compare to the national average home price?
The national median home value is approximately $410,000. At $357,900, homes in Rice are 13% below the national average.
What metro area is Rice part of?
Rice is part of the St. Cloud, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.