Market Overview
Home Prices in Sherburn, MN
The median home value in Sherburn, MN is $243,958 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sherburn are priced40% below average. Sherburn is part of the Fairmont, MN metro area.
Over the past five years, Sherburn home values have risen by approximately45.2%, reflecting strong long-term appreciation in this market.
Price History
Sherburn Home Price Trend
City Comparison
Sherburn vs. National Median
At $243,958, homes in Sherburn cost 40% below the national median of $410,000. This makes Sherburn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Sherburn?
20% Down Payment
$48,792
on $243,958
Monthly P&I
$1,272/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,615/mo
incl. taxes & insurance
Income Needed
$64,600
gross annual (30% rule)
10% Down Option
$24,396
+ PMI applies
Loan Amount (20% dn)
$195,166
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 Sherburn, MN?
The median home value in Sherburn is $243,958 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Sherburn?
Over the past year, home values in Sherburn have increased by 8.1%. Over five years, prices have risen approximately 45.2%.
How much do I need to earn to buy a home in Sherburn?
To comfortably afford the median home price of $243,958 with a 20% down payment ($48,792) at today's rates (6.8%), you'd need a gross annual income of approximately $64,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Sherburn compare to the national average home price?
The national median home value is approximately $410,000. At $243,958, homes in Sherburn are 40% below the national average.
What metro area is Sherburn part of?
Sherburn is part of the Fairmont, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.