Market Overview
Home Prices in Waltham, MN
The median home value in Waltham, MN is $288,212 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 6.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waltham are priced30% below average. Waltham is part of the Austin, MN metro area.
Over the past five years, Waltham home values have risen by approximately36.0%, reflecting strong long-term appreciation in this market.
Price History
Waltham Home Price Trend
City Comparison
Waltham vs. National Median
At $288,212, homes in Waltham cost 30% below the national median of $410,000. This makes Waltham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waltham?
20% Down Payment
$57,642
on $288,212
Monthly P&I
$1,503/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,909/mo
incl. taxes & insurance
Income Needed
$76,360
gross annual (30% rule)
10% Down Option
$28,821
+ PMI applies
Loan Amount (20% dn)
$230,570
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 Waltham, MN?
The median home value in Waltham is $288,212 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Waltham?
Over the past year, home values in Waltham have increased by 4.4%. Over five years, prices have risen approximately 36.0%.
How much do I need to earn to buy a home in Waltham?
To comfortably afford the median home price of $288,212 with a 20% down payment ($57,642) at today's rates (6.8%), you'd need a gross annual income of approximately $76,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Waltham compare to the national average home price?
The national median home value is approximately $410,000. At $288,212, homes in Waltham are 30% below the national average.
What metro area is Waltham part of?
Waltham is part of the Austin, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.