Market Overview
Home Prices in Waseca, MN
The median home value in Waseca, MN is $253,941 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waseca are priced38% below average.
Over the past five years, Waseca home values have risen by approximately27.0%, reflecting strong long-term appreciation in this market.
Price History
Waseca Home Price Trend
2020
$178,395
$178K
—
2021
$199,880
$200K
+12.0%
2022
$233,559
$234K
+16.8%
2023
$233,116
$233K
-0.2%
2024
$243,332
$243K
+4.4%
2025
$251,382
$251K
+3.3%
2026
$253,941
$254K
+1.0%
City Comparison
Waseca vs. National Median
🏠 Waseca
$253,941
National Median
$410,000
At $253,941, homes in Waseca cost 38% below the national median of $410,000. This makes Waseca a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waseca?
20% Down Payment
$50,788
on $253,941
Monthly P&I
$1,324/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,681/mo
incl. taxes & insurance
Income Needed
$67,240
gross annual (30% rule)
10% Down Option
$25,394
+ PMI applies
Loan Amount (20% dn)
$203,153
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 Waseca, MN?
The median home value in Waseca is $253,941 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Waseca?
Over the past year, home values in Waseca have increased by 1%. Over five years, prices have risen approximately 27.0%.
How much do I need to earn to buy a home in Waseca?
To comfortably afford the median home price of $253,941 with a 20% down payment ($50,788) at today's rates (6.8%), you'd need a gross annual income of approximately $67,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Waseca compare to the national average home price?
The national median home value is approximately $410,000. At $253,941, homes in Waseca are 38% below the national average.