Market Overview
Home Prices in Spicer, MN
The median home value in Spicer, MN is $403,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spicer are priced2% below average. Spicer is part of the Willmar, MN metro area.
Over the past five years, Spicer home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Spicer Home Price Trend
2020
$275,934
$276K
—
2021
$315,880
$316K
+14.5%
2022
$362,433
$362K
+14.7%
2023
$364,251
$364K
+0.5%
2024
$378,057
$378K
+3.8%
2025
$393,283
$393K
+4.0%
2026
$403,631
$404K
+2.6%
City Comparison
Spicer vs. National Median
🏠 Spicer
$403,631
National Median
$410,000
At $403,631, homes in Spicer cost 2% below the national median of $410,000. This makes Spicer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Spicer?
20% Down Payment
$80,726
on $403,631
Monthly P&I
$2,105/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,673/mo
incl. taxes & insurance
Income Needed
$106,920
gross annual (30% rule)
10% Down Option
$40,363
+ PMI applies
Loan Amount (20% dn)
$322,905
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 Spicer, MN?
The median home value in Spicer is $403,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Spicer?
Over the past year, home values in Spicer have increased by 2.6%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Spicer?
To comfortably afford the median home price of $403,631 with a 20% down payment ($80,726) at today's rates (6.8%), you'd need a gross annual income of approximately $106,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Spicer compare to the national average home price?
The national median home value is approximately $410,000. At $403,631, homes in Spicer are 2% below the national average.
What metro area is Spicer part of?
Spicer is part of the Willmar, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.