Market Overview
Home Prices in Wabasha, MN
The median home value in Wabasha, MN is $292,169 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wabasha are priced29% below average. Wabasha is part of the Rochester, MN metro area.
Over the past five years, Wabasha home values have risen by approximately31.9%, reflecting strong long-term appreciation in this market.
Price History
Wabasha Home Price Trend
City Comparison
Wabasha vs. National Median
At $292,169, homes in Wabasha cost 29% below the national median of $410,000. This makes Wabasha a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wabasha?
20% Down Payment
$58,434
on $292,169
Monthly P&I
$1,524/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,935/mo
incl. taxes & insurance
Income Needed
$77,400
gross annual (30% rule)
10% Down Option
$29,217
+ PMI applies
Loan Amount (20% dn)
$233,735
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 Wabasha, MN?
The median home value in Wabasha is $292,169 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Wabasha?
Over the past year, home values in Wabasha have increased by 5.1%. Over five years, prices have risen approximately 31.9%.
How much do I need to earn to buy a home in Wabasha?
To comfortably afford the median home price of $292,169 with a 20% down payment ($58,434) at today's rates (6.8%), you'd need a gross annual income of approximately $77,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Wabasha compare to the national average home price?
The national median home value is approximately $410,000. At $292,169, homes in Wabasha are 29% below the national average.
What metro area is Wabasha part of?
Wabasha is part of the Rochester, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.