Market Overview
Home Prices in Welch, MN
The median home value in Welch, MN is $505,258 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Welch are priced23% above average. Welch is part of the Red Wing, MN metro area.
Over the past five years, Welch home values have risen by approximately16.3%, reflecting steady appreciation in this market.
Price History
Welch Home Price Trend
2020
$389,846
$390K
—
2021
$434,426
$434K
+11.4%
2022
$483,224
$483K
+11.2%
2023
$483,525
$484K
+0.1%
2024
$489,429
$489K
+1.2%
2025
$491,487
$491K
+0.4%
2026
$505,258
$505K
+2.8%
City Comparison
Welch vs. National Median
🏠 Welch
$505,258
National Median
$410,000
At $505,258, homes in Welch cost 23% above the national median of $410,000. Buyers in Welch should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Welch?
20% Down Payment
$101,052
on $505,258
Monthly P&I
$2,635/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,346/mo
incl. taxes & insurance
Income Needed
$133,840
gross annual (30% rule)
10% Down Option
$50,526
+ PMI applies
Loan Amount (20% dn)
$404,206
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 Welch, MN?
The median home value in Welch is $505,258 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Welch?
Over the past year, home values in Welch have increased by 2.8%. Over five years, prices have risen approximately 16.3%.
How much do I need to earn to buy a home in Welch?
To comfortably afford the median home price of $505,258 with a 20% down payment ($101,052) at today's rates (6.8%), you'd need a gross annual income of approximately $133,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Welch compare to the national average home price?
The national median home value is approximately $410,000. At $505,258, homes in Welch are 23% above the national average.
What metro area is Welch part of?
Welch is part of the Red Wing, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.