Market Overview
Home Prices in Willow River, MN
The median home value in Willow River, MN is $268,161 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Willow River are priced35% below average.
Over the past five years, Willow River home values have risen by approximately34.9%, reflecting strong long-term appreciation in this market.
Price History
Willow River Home Price Trend
2020
$161,894
$162K
—
2021
$198,790
$199K
+22.8%
2022
$232,149
$232K
+16.8%
2023
$240,682
$241K
+3.7%
2024
$254,095
$254K
+5.6%
2025
$257,383
$257K
+1.3%
2026
$268,161
$268K
+4.2%
City Comparison
Willow River vs. National Median
🏠 Willow River
$268,161
National Median
$410,000
At $268,161, homes in Willow River cost 35% below the national median of $410,000. This makes Willow River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Willow River?
20% Down Payment
$53,632
on $268,161
Monthly P&I
$1,399/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,777/mo
incl. taxes & insurance
Income Needed
$71,080
gross annual (30% rule)
10% Down Option
$26,816
+ PMI applies
Loan Amount (20% dn)
$214,529
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 Willow River, MN?
The median home value in Willow River is $268,161 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Willow River?
Over the past year, home values in Willow River have increased by 4.2%. Over five years, prices have risen approximately 34.9%.
How much do I need to earn to buy a home in Willow River?
To comfortably afford the median home price of $268,161 with a 20% down payment ($53,632) at today's rates (6.8%), you'd need a gross annual income of approximately $71,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Willow River compare to the national average home price?
The national median home value is approximately $410,000. At $268,161, homes in Willow River are 35% below the national average.