Market Overview
Home Prices in Saint Michael, MN
The median home value in Saint Michael, MN is $437,876 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.2% 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 Saint Michael are priced7% above average. Saint Michael is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Saint Michael home values have risen by approximately14.0%, reflecting steady appreciation in this market.
Price History
Saint Michael Home Price Trend
City Comparison
Saint Michael vs. National Median
At $437,876, homes in Saint Michael cost 7% above the national median of $410,000. Buyers in Saint Michael should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Saint Michael?
20% Down Payment
$87,575
on $437,876
Monthly P&I
$2,284/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,901/mo
incl. taxes & insurance
Income Needed
$116,040
gross annual (30% rule)
10% Down Option
$43,788
+ PMI applies
Loan Amount (20% dn)
$350,301
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 Saint Michael, MN?
The median home value in Saint Michael is $437,876 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.2% year-over-year.
How much have home prices changed in Saint Michael?
Over the past year, home values in Saint Michael have decreased by 0.2%. Over five years, prices have risen approximately 14.0%.
How much do I need to earn to buy a home in Saint Michael?
To comfortably afford the median home price of $437,876 with a 20% down payment ($87,575) at today's rates (6.8%), you'd need a gross annual income of approximately $116,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Saint Michael compare to the national average home price?
The national median home value is approximately $410,000. At $437,876, homes in Saint Michael are 7% above the national average.
What metro area is Saint Michael part of?
Saint Michael is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.