I’ve been diving into the Zillow Home Value Index data to uncover the most expensive housing markets in Minnesota. What I discovered was fascinating – the Twin Cities metro area dominates the luxury real estate market in the state, with 23 of the top 25 priciest towns located in the Minneapolis-St. Paul-Bloomington metropolitan area.
The average home value among Minnesota’s 25 most expensive towns has reached an astounding $888,262 in January 2025. Even more remarkable is the growth trajectory – these premium markets have experienced an average appreciation of 42% just in the last five years. Lake Shore in Cass County led the pack with a staggering 64.7% growth since 2020, while Minnetonka Beach showed the most impressive long-term growth with homes appreciating 135.6% since 2010…