Market Overview
Home Prices in Saint Peter, MN
The median home value in Saint Peter, MN is $303,823 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Saint Peter are priced26% below average. Saint Peter is part of the Mankato, MN metro area.
Over the past five years, Saint Peter home values have risen by approximately26.1%, reflecting strong long-term appreciation in this market.
Price History
Saint Peter Home Price Trend
City Comparison
Saint Peter vs. National Median
At $303,823, homes in Saint Peter cost 26% below the national median of $410,000. This makes Saint Peter a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Saint Peter?
20% Down Payment
$60,765
on $303,823
Monthly P&I
$1,585/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,013/mo
incl. taxes & insurance
Income Needed
$80,520
gross annual (30% rule)
10% Down Option
$30,382
+ PMI applies
Loan Amount (20% dn)
$243,058
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 Peter, MN?
The median home value in Saint Peter is $303,823 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Saint Peter?
Over the past year, home values in Saint Peter have increased by 3.9%. Over five years, prices have risen approximately 26.1%.
How much do I need to earn to buy a home in Saint Peter?
To comfortably afford the median home price of $303,823 with a 20% down payment ($60,765) at today's rates (6.8%), you'd need a gross annual income of approximately $80,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Saint Peter compare to the national average home price?
The national median home value is approximately $410,000. At $303,823, homes in Saint Peter are 26% below the national average.
What metro area is Saint Peter part of?
Saint Peter is part of the Mankato, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.