Market Overview
Home Prices in Soudan, MN
The median home value in Soudan, MN is $124,014 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.1% compared to a year ago and down 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Soudan are priced70% below average. Soudan is part of the Duluth, MN-WI metro area.
Over the past five years, Soudan home values have risen by approximately28.3%, reflecting strong long-term appreciation in this market.
Price History
Soudan Home Price Trend
City Comparison
Soudan vs. National Median
At $124,014, homes in Soudan cost 70% below the national median of $410,000. This makes Soudan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Soudan?
20% Down Payment
$24,803
on $124,014
Monthly P&I
$647/mo
30-yr @ 6.8%
Total Monthly Est.
~$822/mo
incl. taxes & insurance
Income Needed
$32,880
gross annual (30% rule)
10% Down Option
$12,401
+ PMI applies
Loan Amount (20% dn)
$99,211
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 Soudan, MN?
The median home value in Soudan is $124,014 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.1% year-over-year.
How much have home prices changed in Soudan?
Over the past year, home values in Soudan have increased by 9.1%. Over five years, prices have risen approximately 28.3%.
How much do I need to earn to buy a home in Soudan?
To comfortably afford the median home price of $124,014 with a 20% down payment ($24,803) at today's rates (6.8%), you'd need a gross annual income of approximately $32,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Soudan compare to the national average home price?
The national median home value is approximately $410,000. At $124,014, homes in Soudan are 70% below the national average.
What metro area is Soudan part of?
Soudan is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.