Market Overview
Home Prices in Waterville, MN
The median home value in Waterville, MN is $330,297 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waterville are priced19% below average. Waterville is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Waterville home values have risen by approximately31.2%, reflecting strong long-term appreciation in this market.
Price History
Waterville Home Price Trend
City Comparison
Waterville vs. National Median
At $330,297, homes in Waterville cost 19% below the national median of $410,000. This makes Waterville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waterville?
20% Down Payment
$66,059
on $330,297
Monthly P&I
$1,723/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,188/mo
incl. taxes & insurance
Income Needed
$87,520
gross annual (30% rule)
10% Down Option
$33,030
+ PMI applies
Loan Amount (20% dn)
$264,238
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 Waterville, MN?
The median home value in Waterville is $330,297 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Waterville?
Over the past year, home values in Waterville have increased by 2.1%. Over five years, prices have risen approximately 31.2%.
How much do I need to earn to buy a home in Waterville?
To comfortably afford the median home price of $330,297 with a 20% down payment ($66,059) at today's rates (6.8%), you'd need a gross annual income of approximately $87,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Waterville compare to the national average home price?
The national median home value is approximately $410,000. At $330,297, homes in Waterville are 19% below the national average.
What metro area is Waterville part of?
Waterville is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.