Market Overview
Home Prices in Truman, MN
The median home value in Truman, MN is $221,805 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 7.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Truman are priced46% below average. Truman is part of the Fairmont, MN metro area.
Over the past five years, Truman home values have risen by approximately48.8%, reflecting strong long-term appreciation in this market.
Price History
Truman Home Price Trend
City Comparison
Truman vs. National Median
At $221,805, homes in Truman cost 46% below the national median of $410,000. This makes Truman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Truman?
20% Down Payment
$44,361
on $221,805
Monthly P&I
$1,157/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,469/mo
incl. taxes & insurance
Income Needed
$58,760
gross annual (30% rule)
10% Down Option
$22,181
+ PMI applies
Loan Amount (20% dn)
$177,444
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 Truman, MN?
The median home value in Truman is $221,805 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Truman?
Over the past year, home values in Truman have increased by 7.2%. Over five years, prices have risen approximately 48.8%.
How much do I need to earn to buy a home in Truman?
To comfortably afford the median home price of $221,805 with a 20% down payment ($44,361) at today's rates (6.8%), you'd need a gross annual income of approximately $58,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Truman compare to the national average home price?
The national median home value is approximately $410,000. At $221,805, homes in Truman are 46% below the national average.
What metro area is Truman part of?
Truman is part of the Fairmont, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.