Market Overview
Home Prices in Walnut Grove, MN
The median home value in Walnut Grove, MN is $168,102 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Walnut Grove are priced59% below average.
Over the past five years, Walnut Grove home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Walnut Grove Home Price Trend
2020
$121,854
$122K
—
2021
$135,125
$135K
+10.9%
2022
$148,141
$148K
+9.6%
2023
$148,855
$149K
+0.5%
2024
$149,431
$149K
+0.4%
2025
$153,673
$154K
+2.8%
2026
$168,102
$168K
+9.4%
City Comparison
Walnut Grove vs. National Median
🏠 Walnut Grove
$168,102
National Median
$410,000
At $168,102, homes in Walnut Grove cost 59% below the national median of $410,000. This makes Walnut Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Walnut Grove?
20% Down Payment
$33,620
on $168,102
Monthly P&I
$877/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,114/mo
incl. taxes & insurance
Income Needed
$44,560
gross annual (30% rule)
10% Down Option
$16,810
+ PMI applies
Loan Amount (20% dn)
$134,482
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 Walnut Grove, MN?
The median home value in Walnut Grove is $168,102 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Walnut Grove?
Over the past year, home values in Walnut Grove have increased by 9.4%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Walnut Grove?
To comfortably afford the median home price of $168,102 with a 20% down payment ($33,620) at today's rates (6.8%), you'd need a gross annual income of approximately $44,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Walnut Grove compare to the national average home price?
The national median home value is approximately $410,000. At $168,102, homes in Walnut Grove are 59% below the national average.