Market Overview
Home Prices in Wheaton, MN
The median home value in Wheaton, MN is $128,728 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.8% compared to a year ago and up 8.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wheaton are priced69% below average.
Over the past five years, Wheaton home values have risen by approximately36.6%, reflecting strong long-term appreciation in this market.
Price History
Wheaton Home Price Trend
2020
$91,051
$91K
—
2021
$94,205
$94K
+3.5%
2022
$101,613
$102K
+7.9%
2023
$107,201
$107K
+5.5%
2024
$104,498
$104K
-2.5%
2025
$113,078
$113K
+8.2%
2026
$128,728
$129K
+13.8%
City Comparison
Wheaton vs. National Median
🏠 Wheaton
$128,728
National Median
$410,000
At $128,728, homes in Wheaton cost 69% below the national median of $410,000. This makes Wheaton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wheaton?
20% Down Payment
$25,746
on $128,728
Monthly P&I
$671/mo
30-yr @ 6.8%
Total Monthly Est.
~$852/mo
incl. taxes & insurance
Income Needed
$34,080
gross annual (30% rule)
10% Down Option
$12,873
+ PMI applies
Loan Amount (20% dn)
$102,982
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 Wheaton, MN?
The median home value in Wheaton is $128,728 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.8% year-over-year.
How much have home prices changed in Wheaton?
Over the past year, home values in Wheaton have increased by 13.8%. Over five years, prices have risen approximately 36.6%.
How much do I need to earn to buy a home in Wheaton?
To comfortably afford the median home price of $128,728 with a 20% down payment ($25,746) at today's rates (6.8%), you'd need a gross annual income of approximately $34,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Wheaton compare to the national average home price?
The national median home value is approximately $410,000. At $128,728, homes in Wheaton are 69% below the national average.