Market Overview
Home Prices in Swan River, MN
The median home value in Swan River, MN is $223,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Swan River are priced45% below average. Swan River is part of the Grand Rapids, MN metro area.
Over the past five years, Swan River home values have risen by approximately28.9%, reflecting strong long-term appreciation in this market.
Price History
Swan River Home Price Trend
City Comparison
Swan River vs. National Median
At $223,895, homes in Swan River cost 45% below the national median of $410,000. This makes Swan River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Swan River?
20% Down Payment
$44,779
on $223,895
Monthly P&I
$1,168/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,483/mo
incl. taxes & insurance
Income Needed
$59,320
gross annual (30% rule)
10% Down Option
$22,390
+ PMI applies
Loan Amount (20% dn)
$179,116
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 Swan River, MN?
The median home value in Swan River is $223,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Swan River?
Over the past year, home values in Swan River have increased by 0.4%. Over five years, prices have risen approximately 28.9%.
How much do I need to earn to buy a home in Swan River?
To comfortably afford the median home price of $223,895 with a 20% down payment ($44,779) at today's rates (6.8%), you'd need a gross annual income of approximately $59,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Swan River compare to the national average home price?
The national median home value is approximately $410,000. At $223,895, homes in Swan River are 45% below the national average.
What metro area is Swan River part of?
Swan River is part of the Grand Rapids, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.