Ever wonder how much your home would be worth if you’d bought it five years ago? Well, in some Minnesota cities, the answer might just blow your mind.

Home values in certain areas have skyrocketed, adding hundreds of thousands to price tags and leaving homeowners either thrilled, or kicking themselves for not buying sooner.

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Gaja Snover
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While the pandemic housing frenzy has settled down in many places, a handful of Minnesota cities are still riding the wave. Prices continue to climb at a jaw-dropping pace, making these areas some of the hottest real estate markets in the state.

So, what’s keeping the momentum going? Blame (or thank) the classic combo of low inventory and high demand. With fewer houses on the market and plenty of eager buyers, competition is fierce - especially for anything remotely affordable.

Also See: This is Officially The Cheapest Place to Live in All of Minnesota

According to Zillow, the average Minnesota home value is $330,487, up 2.4% over the past year, with homes going under contract in about 35 days. But in some cities, prices are climbing even faster, making them stand out as Minnesota’s real estate hotspots.

Using Zillow data, Stacker rounded up the Minnesota cities where home values are skyrocketing the most. Whether you're house hunting or just love keeping up with the latest real estate trends, these cities are setting the bar for high-value living in the North Star State.

10 Minnesota Cities Where Home Prices Are Skyrocketing Right Now

Minnesota is experiencing a surge in home prices, with a handful of cities leading the way. From charming lakeside spots to up-and-coming suburbs, these areas are booming. Here are the top 10 cities where home prices are soaring!

Gallery Credit: Samm Adams

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The Best Places to Buy a House in Minnesota

Looking to buy a house in the coming year? These are the best cities, townships, and suburbs to plant your roots. 

What things were taken into consideration when determining where's the best place to buy? Public school ratings, if it's good for families, whether it offers outdoor activities, just a name a few.

Here are the best places to buy a house in Minnesota according to Niche.

Gallery Credit: Samm Adams