Market Overview
Home Prices in Slayton, MN
The median home value in Slayton, MN is $255,286 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12% compared to a year ago and up 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Slayton are priced38% below average.
Over the past five years, Slayton home values have risen by approximately42.4%, reflecting strong long-term appreciation in this market.
Price History
Slayton Home Price Trend
2020
$160,399
$160K
—
2021
$179,250
$179K
+11.8%
2022
$208,957
$209K
+16.6%
2023
$207,688
$208K
-0.6%
2024
$214,142
$214K
+3.1%
2025
$227,862
$228K
+6.4%
2026
$255,286
$255K
+12.0%
City Comparison
Slayton vs. National Median
🏠 Slayton
$255,286
National Median
$410,000
At $255,286, homes in Slayton cost 38% below the national median of $410,000. This makes Slayton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Slayton?
20% Down Payment
$51,057
on $255,286
Monthly P&I
$1,331/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,690/mo
incl. taxes & insurance
Income Needed
$67,600
gross annual (30% rule)
10% Down Option
$25,529
+ PMI applies
Loan Amount (20% dn)
$204,229
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 Slayton, MN?
The median home value in Slayton is $255,286 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12% year-over-year.
How much have home prices changed in Slayton?
Over the past year, home values in Slayton have increased by 12%. Over five years, prices have risen approximately 42.4%.
How much do I need to earn to buy a home in Slayton?
To comfortably afford the median home price of $255,286 with a 20% down payment ($51,057) at today's rates (6.8%), you'd need a gross annual income of approximately $67,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Slayton compare to the national average home price?
The national median home value is approximately $410,000. At $255,286, homes in Slayton are 38% below the national average.