Market Overview
Home Prices in Waite Park, MN
The median home value in Waite Park, MN is $258,176 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waite Park are priced37% below average. Waite Park is part of the St. Cloud, MN metro area.
Over the past five years, Waite Park home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Waite Park Home Price Trend
City Comparison
Waite Park vs. National Median
At $258,176, homes in Waite Park cost 37% below the national median of $410,000. This makes Waite Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waite Park?
20% Down Payment
$51,635
on $258,176
Monthly P&I
$1,346/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,709/mo
incl. taxes & insurance
Income Needed
$68,360
gross annual (30% rule)
10% Down Option
$25,818
+ PMI applies
Loan Amount (20% dn)
$206,541
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 Waite Park, MN?
The median home value in Waite Park is $258,176 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Waite Park?
Over the past year, home values in Waite Park have increased by 2%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Waite Park?
To comfortably afford the median home price of $258,176 with a 20% down payment ($51,635) at today's rates (6.8%), you'd need a gross annual income of approximately $68,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Waite Park compare to the national average home price?
The national median home value is approximately $410,000. At $258,176, homes in Waite Park are 37% below the national average.
What metro area is Waite Park part of?
Waite Park is part of the St. Cloud, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.