Market Overview
Home Prices in Tracy, MN
The median home value in Tracy, MN is $147,493 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tracy are priced64% below average. Tracy is part of the Marshall, MN metro area.
Over the past five years, Tracy home values have risen by approximately17.6%, reflecting steady appreciation in this market.
Price History
Tracy Home Price Trend
2020
$112,265
$112K
—
2021
$125,367
$125K
+11.7%
2022
$141,188
$141K
+12.6%
2023
$141,799
$142K
+0.4%
2024
$136,366
$136K
-3.8%
2025
$137,002
$137K
+0.5%
2026
$147,493
$147K
+7.7%
City Comparison
Tracy vs. National Median
🏠 Tracy
$147,493
National Median
$410,000
At $147,493, homes in Tracy cost 64% below the national median of $410,000. This makes Tracy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tracy?
20% Down Payment
$29,499
on $147,493
Monthly P&I
$769/mo
30-yr @ 6.8%
Total Monthly Est.
~$977/mo
incl. taxes & insurance
Income Needed
$39,080
gross annual (30% rule)
10% Down Option
$14,749
+ PMI applies
Loan Amount (20% dn)
$117,994
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 Tracy, MN?
The median home value in Tracy is $147,493 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Tracy?
Over the past year, home values in Tracy have increased by 7.7%. Over five years, prices have risen approximately 17.6%.
How much do I need to earn to buy a home in Tracy?
To comfortably afford the median home price of $147,493 with a 20% down payment ($29,499) at today's rates (6.8%), you'd need a gross annual income of approximately $39,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Tracy compare to the national average home price?
The national median home value is approximately $410,000. At $147,493, homes in Tracy are 64% below the national average.
What metro area is Tracy part of?
Tracy is part of the Marshall, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.