Market Overview
Home Prices in Wright, MN
The median home value in Wright, MN is $246,957 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.7% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wright are priced40% below average. Wright is part of the Duluth, MN-WI metro area.
Price History
Wright Home Price Trend
2022
$197,271
$197K
—
2023
$210,147
$210K
+6.5%
2024
$213,469
$213K
+1.6%
2025
$223,062
$223K
+4.5%
2026
$246,957
$247K
+10.7%
City Comparison
Wright vs. National Median
🏠 Wright
$246,957
National Median
$410,000
At $246,957, homes in Wright cost 40% below the national median of $410,000. This makes Wright a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wright?
20% Down Payment
$49,391
on $246,957
Monthly P&I
$1,288/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,636/mo
incl. taxes & insurance
Income Needed
$65,440
gross annual (30% rule)
10% Down Option
$24,696
+ PMI applies
Loan Amount (20% dn)
$197,566
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 Wright, MN?
The median home value in Wright is $246,957 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.7% year-over-year.
How much have home prices changed in Wright?
Over the past year, home values in Wright have increased by 10.7%.
How much do I need to earn to buy a home in Wright?
To comfortably afford the median home price of $246,957 with a 20% down payment ($49,391) at today's rates (6.8%), you'd need a gross annual income of approximately $65,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Wright compare to the national average home price?
The national median home value is approximately $410,000. At $246,957, homes in Wright are 40% below the national average.
What metro area is Wright part of?
Wright is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.