Market Overview
Home Prices in Wadena, MN
The median home value in Wadena, MN is $218,160 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wadena are priced47% below average. Wadena is part of the Fergus Falls, MN metro area.
Over the past five years, Wadena home values have risen by approximately32.8%, reflecting strong long-term appreciation in this market.
Price History
Wadena Home Price Trend
City Comparison
Wadena vs. National Median
At $218,160, homes in Wadena cost 47% below the national median of $410,000. This makes Wadena a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wadena?
20% Down Payment
$43,632
on $218,160
Monthly P&I
$1,138/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,445/mo
incl. taxes & insurance
Income Needed
$57,800
gross annual (30% rule)
10% Down Option
$21,816
+ PMI applies
Loan Amount (20% dn)
$174,528
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 Wadena, MN?
The median home value in Wadena is $218,160 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Wadena?
Over the past year, home values in Wadena have increased by 4.8%. Over five years, prices have risen approximately 32.8%.
How much do I need to earn to buy a home in Wadena?
To comfortably afford the median home price of $218,160 with a 20% down payment ($43,632) at today's rates (6.8%), you'd need a gross annual income of approximately $57,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Wadena compare to the national average home price?
The national median home value is approximately $410,000. At $218,160, homes in Wadena are 47% below the national average.
What metro area is Wadena part of?
Wadena is part of the Fergus Falls, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.