The 10 Best Places To Buy A House In Minnesota For 2021


Using science and data, we can tell you which places in Minnesota have seen home prices rising and people flocking over the past year.

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2021.

There's a the age old question everyone thinks about when they decide to move to a city in Minnesota:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Minnesota, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the North Star State.

To do that we are going to look at places in Minnesota that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Minnesota at the moment? That would be Chisago City according to our analysis.

Here's a look at the top ten places to buy a home in Minnesota for 2021.

The 10 Best Places To Buy A Home In Minnesota For 2021

  1. Chisago City
  2. Montevideo
  3. La Crescent
  4. North Oaks
  5. Lake City
  6. Morris
  7. St. Paul Park
  8. Byron
  9. Glencoe
  10. Falcon Heights

What's the best place to buy a home in Minnesota for 2021? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in Minnesota and, for those of you on a budget, the cheapest places to live in Minnesota.

For more Minnesota reading, check out:

The 10 Best Cities To Buy A House In Minnesota For 2021

Source: Public Domain
Overall SnackAbility

5
/10

Population: 5,090
Median Home Price: $261,400
Population Change: 0.9%
Home Price Change: 6.8%
More on Chisago City: Homes For Sale | Data

Montevideo, MN

Overall SnackAbility

8
/10

Population: 5,108
Median Home Price: $87,700
Population Change: -0.6%
Home Price Change: 6.2%
More on Montevideo: PhotosHomes For Sale | Data

La Crescent, MN

Overall SnackAbility

9.5
/10

Population: 5,138
Median Home Price: $184,100
Population Change: 1.0%
Home Price Change: 4.4%
More on La Crescent: PhotosHomes For Sale | Data

North Oaks, MN

Overall SnackAbility

7
/10

Population: 5,177
Median Home Price: $633,300
Population Change: 2.2%
Home Price Change: 1.8%
More on North Oaks: PhotosHomes For Sale | Data

Lake City, MN

Overall SnackAbility

6
/10

Population: 5,261
Median Home Price: $169,600
Population Change: 1.9%
Home Price Change: 5.5%
More on Lake City: PhotosHomes For Sale | Data

Morris, MN

Overall SnackAbility

7
/10

Population: 5,334
Median Home Price: $168,100
Population Change: -0.4%
Home Price Change: 5.1%
More on Morris: PhotosHomes For Sale | Data

Overall SnackAbility

8.5
/10

Population: 5,356
Median Home Price: $191,800
Population Change: -0.3%
Home Price Change: 10.1%
More on St. Paul Park: Homes For Sale | Data

Byron, MN

Overall SnackAbility

6
/10

Population: 5,462
Median Home Price: $218,400
Population Change: 1.8%
Home Price Change: 9.4%
More on Byron: PhotosHomes For Sale | Data

Glencoe, MN

Overall SnackAbility

5
/10

Population: 5,495
Median Home Price: $147,300
Population Change: 0.0%
Home Price Change: 5.8%
More on Glencoe: PhotosHomes For Sale | Data

Falcon Heights, MN

Overall SnackAbility

7.5
/10

Population: 5,571
Median Home Price: $293,400
Population Change: 0.2%
Home Price Change: 1.8%
More on Falcon Heights: PhotosHomes For Sale | Data

How do you determine the best places to buy a home in Minnesota for 2021?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Minnesota. Put differently, the analysis will try to find places in Minnesota with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2015-2019 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Minnesota with the following caveats:

So of the 0 cities and towns in Minnesota, only 146 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 146 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Chisago City is the best potential gem in the not-so-rough in the North Star State.

Read on for more on these places.

There You Have It - The Best Places To Purchase A House In Minnesota for 2021

There's our analysis of the best places to buy a house in Minnesota. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more Minnesota reading, check out:

Detailed List Of The Best Places To Buy A Home In Minnesota

City Rank Median Home Price Population Change Home Price Increase
Chisago City 1 $261,400 0.9% 6.8%
Montevideo 2 $87,700 -0.6% 6.2%
La Crescent 3 $184,100 1.0% 4.4%
North Oaks 4 $633,300 2.2% 1.8%
Lake City 5 $169,600 1.9% 5.5%
Morris 6 $168,100 -0.4% 5.1%
St. Paul Park 7 $191,800 -0.3% 10.1%
Byron 8 $218,400 1.8% 9.4%
Glencoe 9 $147,300 0.0% 5.8%
Falcon Heights 10 $293,400 0.2% 1.8%
Zimmerman 11 $187,500 2.1% 7.0%
Isanti 12 $175,900 3.3% 6.6%
Dayton 13 $313,500 6.0% 13.0%
Corcoran 14 $335,300 2.4% 4.9%
International Falls 15 $88,200 -1.0% 7.3%
Delano 16 $258,700 2.1% 1.5%
Stewartville 17 $178,700 -0.2% 5.1%
Jordan 18 $235,900 1.2% 13.3%
Kasson 19 $180,300 0.9% 5.1%
Medina 20 $606,100 3.1% -4.8%
Spring Lake Park 21 $190,400 1.2% 7.6%
Litchfield 22 $136,200 0.0% 6.9%
St. Joseph 23 $170,200 1.3% 6.6%
Belle Plaine 24 $217,400 0.9% 4.7%
Albertville 25 $250,400 0.8% 6.9%
Minnetrista 26 $477,800 2.9% 5.1%
St. Francis 27 $214,500 1.3% 6.6%
Waite Park 28 $151,700 0.9% 0.9%
Crookston 29 $130,200 -0.3% 3.5%
Shorewood 30 $485,300 1.5% 5.3%
New Prague 31 $247,100 2.0% 6.4%
Wyoming 32 $242,600 1.0% 7.3%
Orono 33 $680,100 1.2% 4.8%
Mahtomedi 34 $338,600 0.9% 5.8%
Baxter 35 $208,500 1.4% 4.6%
Virginia 36 $92,200 -0.6% 4.5%
East Grand Forks 37 $196,500 -0.4% 2.8%
Little Falls 38 $128,400 0.0% 0.0%
Oak Grove 39 $285,800 1.2% 6.8%
Cambridge 40 $157,700 2.2% 1.8%
Thief River Falls 41 $135,700 0.4% 11.2%
Lake Elmo 42 $426,600 2.0% 3.3%
Waseca 43 $127,300 -0.8% 4.8%
St. Anthony 44 $269,300 0.1% 6.9%
Detroit Lakes 45 $190,600 0.7% 7.5%
Victoria 46 $427,400 3.9% -0.1%
Mound 47 $261,300 0.7% 5.1%
Hermantown 48 $238,800 -0.2% 6.0%
Fairmont 49 $123,700 -0.6% 1.7%
Arden Hills 50 $292,900 0.0% 3.5%
Little Canada 51 $242,500 0.6% 12.1%
North Branch 52 $191,400 1.3% 3.6%
Big Lake 53 $193,000 1.5% 4.0%
Grand Rapids 54 $151,300 0.2% 5.1%
Mendota Heights 55 $392,600 0.0% 5.0%
St. Peter 56 $170,200 0.6% 2.5%
East Bethel 57 $251,100 0.5% 8.0%
Cloquet 58 $142,700 0.1% 0.1%
Waconia 59 $303,700 1.3% 5.2%
North St. Paul 60 $206,100 0.5% 7.1%
Rogers 61 $331,200 1.5% 5.2%
Mounds View 62 $206,700 1.0% 9.9%
Worthington 63 $132,500 -0.3% 2.9%
New Ulm 64 $141,300 -0.0% 5.5%
Brainerd 65 $117,900 -0.1% 2.3%
Vadnais Heights 66 $242,500 0.5% 2.7%
Alexandria 67 $177,100 1.3% 0.3%
Monticello 68 $199,900 1.1% 5.7%
Marshall 69 $154,100 -0.4% 4.1%
Sauk Rapids 70 $170,000 1.3% 8.1%
Fergus Falls 71 $132,300 0.4% 2.9%
North Mankato 72 $193,400 0.5% 5.3%
Hutchinson 73 $149,200 0.2% 3.3%
Robbinsdale 74 $201,100 0.0% 8.5%
Hugo 75 $259,300 1.2% 3.7%
Bemidji 76 $139,900 0.9% 6.4%
Hibbing 77 $109,800 -0.6% 6.6%
Buffalo 78 $203,700 0.7% 3.6%
Red Wing 79 $174,000 -0.2% 1.6%
Ham Lake 80 $306,700 0.9% 5.3%
Otsego 81 $261,600 3.5% 15.2%
Anoka 82 $203,100 0.3% 7.1%
St. Michael 83 $270,600 1.5% 8.4%
Albert Lea 84 $97,100 0.5% -0.6%
Sartell 85 $201,500 5.4% 2.9%
Hopkins 86 $227,500 0.4% 1.9%
Stillwater 87 $291,400 0.3% 7.5%
Willmar 88 $133,000 0.5% -1.4%
West St. Paul 89 $199,400 0.1% 3.5%
Forest Lake 90 $272,200 1.8% 4.7%
Columbia Heights 91 $177,300 0.8% 4.5%
South St. Paul 92 $192,100 -0.3% 8.1%
Northfield 93 $226,000 0.6% 4.3%
New Hope 94 $225,100 0.0% 5.2%
Lino Lakes 95 $293,100 1.2% 4.6%
Golden Valley 96 $304,700 0.9% 5.5%
New Brighton 97 $256,600 -0.0% 5.6%
Hastings 98 $214,900 0.2% 7.7%
Farmington 99 $254,200 0.7% 5.0%
Crystal 100 $197,300 0.2% 9.4%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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