In contrast to Minnesota’s competitive urban housing markets, certain towns across the state offer residential properties at considerably more accessible price points. According to the Zillow Home Value Index , these municipalities provide exceptional value opportunities with median home prices ranging from 30% to 70% below the statewide average. You’ll find many of these hidden gems scattered throughout Minnesota’s rural counties, particularly in the western and northern regions where Saint Louis County dominates the list with several of the most affordable communities.
You might be surprised to discover that these 25 least expensive towns have seen remarkable growth over the past 15 years, with many locations experiencing substantial home value increases since 2010. This means that while these communities remain highly affordable, they’ve still provided excellent investment opportunities for homeowners who purchased properties years ago. Freeborn stands out with the most dramatic price increase, skyrocketing 259.9% over a decade while still maintaining affordability…