Every Minnesota Metro Rose, and the Cheap Ones Rose Fastest
Program and regulatory figures verified October 9, 2026. Details change; confirm your scenario with us.
A rare clean signal. Nothing in the state fell, and the ranking of growth runs almost exactly opposite to the ranking of price.
The metros
| Metro | Typical value | Year over year |
|---|---|---|
| ★ Minneapolis | $388,865 | ★ +1.8% |
| Brainerd | $362,339 | +3.5% |
| Faribault | $352,805 | +2.4% |
| ★ Rochester | $340,393 | +4.0% |
| Fergus Falls | $336,786 | ★ +6.0% |
| Red Wing | $323,372 | +1.8% |
| ★ St. Cloud | $311,652 | +2.6% |
| ★ Mankato | $308,015 | +2.9% |
| Hutchinson | $299,387 | +2.5% |
| Owatonna | $297,782 | +2.6% |
| Willmar | $284,823 | +2.1% |
| Winona | $282,302 | +3.8% |
| Bemidji | $267,379 | +3.0% |
| ★ Duluth | $265,012 | ★ +5.7% |
| ★★ New Ulm | $251,306 | ★★ +8.2% |
| Worthington | $242,718 | ★ +7.0% |
| ★ Marshall | $220,083 | ★★ +8.1% |
| Austin | $205,263 | +3.5% |
| Albert Lea | $200,076 | +5.7% |
Zillow typical values, 33rd to 67th percentile, smoothed and seasonally adjusted, month ending 2026-08-31.
★★ The pattern, stated plainly
Four of the five fastest-rising markets are in the bottom half of the price table. New Ulm at $251,306 rose 8.2%; Marshall at $220,083 rose 8.1%; Worthington rose 7.0%. Minneapolis, at $388,865, rose 1.8%.
★★ Which lines up uncomfortably well with the loan forgiveness geography. The rural programme pays $33,000 a year for practising outside the metro and outside the five excluded cities, which is substantially the set of markets appreciating fastest. A physician who takes a rural placement for the award is also buying into the faster-moving half of the state's housing.
★ We are not going to dress that up as a strategy. One year of data is one year, these are small markets where a handful of sales moves the number, and a typical value is not a valuation of any house. But the direction is unanimous, which is unusual enough to be worth naming. The geography rule.
★ The five excluded cities, in the data
Four of the five appear in the table: Rochester +4.0%, St. Cloud +2.6%, Mankato +2.9%, Duluth +5.7%.
★ Duluth is the notable one. It is the second-cheapest of the four and rose the fastest among them, and it is excluded from the rural programme. A physician at Essentia or St. Luke's is in a rising, affordable market and outside the rural route by name. Buying there.
★ Moorhead does not appear. It sits inside the Fargo, North Dakota metro in this series, so there is no Minnesota metro row for it and we publish no Moorhead figure rather than borrow a neighbouring one.
★ What these figures are not
- Not a forecast. One month's typical value and the change through it.
- Not neighbourhood-level. "Minneapolis" spans Edina and north Minneapolis.
- Not stable in the small markets. New Ulm's 8.2% comes off a small base and a thin transaction count.
- Not a valuation. The appraisal on your file is the only figure that governs your loan.
By metro
Minneapolis · Rochester · Duluth and St. Cloud.
Mike Certo, NMLS #260555. (480) 296-6513 · mcerto@cfmtg.com.
Frequently asked questions
Are Minnesota home prices rising in 2026?
Yes, uniformly. All twenty-one Minnesota metro rows measured by Zillow rose over the year to August 31, 2026, with none falling. The gains ranged from 1.8 percent in Minneapolis and Red Wing to 8.2 percent in New Ulm.What is the typical home value in Minneapolis?
$388,865 for the month ending August 31, 2026, up 1.8 percent year over year. Minneapolis is the most expensive Minnesota metro and had the lowest growth rate in the state over that period.Which Minnesota housing market is growing fastest?
New Ulm at plus 8.2 percent, followed by Marshall at 8.1 percent and Worthington at 7.0 percent, over the year to August 31, 2026. All three are among the cheapest markets in the state, so the growth ranking runs close to the inverse of the price ranking.Why is there no Moorhead home value on this page?
Because Moorhead sits inside the Fargo, North Dakota metro in this data series rather than appearing as its own Minnesota metro row. We publish no Moorhead figure rather than substitute a neighbouring market's.Mike Certo · NMLS #260555 · Cornerstone First Mortgage NMLS #173855 · Equal Housing Lender. Educational content about physician mortgage financing, not a loan commitment and not legal, tax or financial advice. The Minnesota Rural and Urban Physician Loan Forgiveness Programs are administered by the Office of Rural Health and Primary Care at the Minnesota Department of Health, not by Cornerstone; their terms, award amounts, eligibility and application cycles are set by that office and change, and payments are subject to funds appropriated by the Minnesota State Legislature. Minnesota Statutes quoted here are reproduced so you can take them to your own attorney. Figures carry the date we verified them against primary sources. Physician-loan program terms, eligible degrees and overlays are set by the lender and change. All loans are subject to borrower, property and program qualification.