Market Overview
Home Prices in Wayzata, MN
The median home value in Wayzata, MN is $946,444 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wayzata are priced131% above average. Wayzata is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Wayzata home values have risen by approximately24.8%, reflecting strong long-term appreciation in this market.
Price History
Wayzata Home Price Trend
City Comparison
Wayzata vs. National Median
At $946,444, homes in Wayzata cost 131% above the national median of $410,000. Buyers in Wayzata should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Wayzata?
20% Down Payment
$189,289
on $946,444
Monthly P&I
$4,936/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,269/mo
incl. taxes & insurance
Income Needed
$250,760
gross annual (30% rule)
10% Down Option
$94,644
+ PMI applies
Loan Amount (20% dn)
$757,155
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 Wayzata, MN?
The median home value in Wayzata is $946,444 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Wayzata?
Over the past year, home values in Wayzata have increased by 5.5%. Over five years, prices have risen approximately 24.8%.
How much do I need to earn to buy a home in Wayzata?
To comfortably afford the median home price of $946,444 with a 20% down payment ($189,289) at today's rates (6.8%), you'd need a gross annual income of approximately $250,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Wayzata compare to the national average home price?
The national median home value is approximately $410,000. At $946,444, homes in Wayzata are 131% above the national average.
What metro area is Wayzata part of?
Wayzata is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.