Market Overview
Home Prices in Scandia, MN
The median home value in Scandia, MN is $559,591 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Scandia are priced36% above average. Scandia is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Scandia home values have risen by approximately20.9%, reflecting strong long-term appreciation in this market.
Price History
Scandia Home Price Trend
City Comparison
Scandia vs. National Median
At $559,591, homes in Scandia cost 36% above the national median of $410,000. Buyers in Scandia should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Scandia?
20% Down Payment
$111,918
on $559,591
Monthly P&I
$2,918/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,706/mo
incl. taxes & insurance
Income Needed
$148,240
gross annual (30% rule)
10% Down Option
$55,959
+ PMI applies
Loan Amount (20% dn)
$447,673
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 Scandia, MN?
The median home value in Scandia is $559,591 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Scandia?
Over the past year, home values in Scandia have increased by 4.2%. Over five years, prices have risen approximately 20.9%.
How much do I need to earn to buy a home in Scandia?
To comfortably afford the median home price of $559,591 with a 20% down payment ($111,918) at today's rates (6.8%), you'd need a gross annual income of approximately $148,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Scandia compare to the national average home price?
The national median home value is approximately $410,000. At $559,591, homes in Scandia are 36% above the national average.
What metro area is Scandia part of?
Scandia is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.