Market Overview
Home Prices in Thief River Falls, MN
The median home value in Thief River Falls, MN is $190,492 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.8% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thief River Falls are priced54% below average.
Over the past five years, Thief River Falls home values have fallen by approximately3.7%, reflecting softening conditions in this market.
Price History
Thief River Falls Home Price Trend
City Comparison
Thief River Falls vs. National Median
At $190,492, homes in Thief River Falls cost 54% below the national median of $410,000. This makes Thief River Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thief River Falls?
20% Down Payment
$38,098
on $190,492
Monthly P&I
$993/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,261/mo
incl. taxes & insurance
Income Needed
$50,440
gross annual (30% rule)
10% Down Option
$19,049
+ PMI applies
Loan Amount (20% dn)
$152,394
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 Thief River Falls, MN?
The median home value in Thief River Falls is $190,492 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.8% year-over-year.
How much have home prices changed in Thief River Falls?
Over the past year, home values in Thief River Falls have decreased by 2.8%. Over five years, prices have fallen approximately 3.7%.
How much do I need to earn to buy a home in Thief River Falls?
To comfortably afford the median home price of $190,492 with a 20% down payment ($38,098) at today's rates (6.8%), you'd need a gross annual income of approximately $50,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Thief River Falls compare to the national average home price?
The national median home value is approximately $410,000. At $190,492, homes in Thief River Falls are 54% below the national average.