Minneota, MN 56264

That's the average rate borrowers locked on October 22, 2026, from Optimal Blue's index of actual rate locks. On the median-priced home here, $226,000 with 10% down, it comes to $1,388 a month in principal and interest.

The typical home here costs $234 a month more than it did a year ago.

A year ago the median list price was about $210,000 and the 30-year rate was 6.17%: $1,154 a month with 10% down. Now it's $226,000 at 7.25%: $1,388.

Put the other way, last year's $1,154 a month buys about a $188,000 home at the latest rate.

Only 5 homes were for sale in 56264 in September, too few for steady figures, so these are for Lyon County, MN.

On a typical day in September, 56 homes were for sale: 13% more than in August and 44% more than a year ago. During the month 26 new listings came on, and on a typical day 14 homes were under contract.

Homes spent a median of 68 days on the market, 20 days longer than a year ago. Sellers cut the price on 16% of listings, up 5 points from a year ago. The median list price was $226,000, or $112 a square foot: down 5% from August and up 7.6% from a year ago.

Balanced market. Judged on 25 homes under contract for every 100 for sale, 68 days on the market and price cuts on 16% of listings.

• Taunton, MN 562910 for sale, median $153,000
• Lynd, MN 561572 for sale, median $1,000,000
• Cottonwood, MN 562292 for sale, median $319,000
• Clarkfield, MN 562234 for sale, median $146,000