Market Overview
Home Prices in Solway, MN
The median home value in Solway, MN is $255,872 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Solway are priced38% below average. Solway is part of the Bemidji, MN metro area.
Over the past five years, Solway home values have risen by approximately36.4%, reflecting strong long-term appreciation in this market.
Price History
Solway Home Price Trend
City Comparison
Solway vs. National Median
At $255,872, homes in Solway cost 38% below the national median of $410,000. This makes Solway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Solway?
20% Down Payment
$51,174
on $255,872
Monthly P&I
$1,334/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,694/mo
incl. taxes & insurance
Income Needed
$67,760
gross annual (30% rule)
10% Down Option
$25,587
+ PMI applies
Loan Amount (20% dn)
$204,698
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 Solway, MN?
The median home value in Solway is $255,872 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Solway?
Over the past year, home values in Solway have increased by 5.1%. Over five years, prices have risen approximately 36.4%.
How much do I need to earn to buy a home in Solway?
To comfortably afford the median home price of $255,872 with a 20% down payment ($51,174) at today's rates (6.8%), you'd need a gross annual income of approximately $67,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Solway compare to the national average home price?
The national median home value is approximately $410,000. At $255,872, homes in Solway are 38% below the national average.
What metro area is Solway part of?
Solway is part of the Bemidji, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.