Warsaw, MN 55087

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, $428,000 with 10% down, it comes to $2,628 a month in principal and interest.

The typical home here costs $298 a month more than it did a year ago.

A year ago the median list price was about $424,000 and the 30-year rate was 6.17%: $2,330 a month with 10% down. Now it's $428,000 at 7.25%: $2,628.

Put the other way, last year's $2,330 a month buys about a $380,000 home at the latest rate.

Only 1 home was for sale in 55087 in September, too few for steady figures, so these are for Rice County, MN.

On a typical day in September, 214 homes were for sale: 7% more than in August and 29% more than a year ago. During the month 68 new listings came on, and on a typical day 53 homes were under contract.

Homes spent a median of 50 days on the market, 8 days longer than a year ago. Sellers cut the price on 20% of listings, down 4 points from a year ago. The median list price was $428,000, or $190 a square foot: unchanged from August and up 0.8% from a year ago.

Balanced market. Judged on 25 homes under contract for every 100 for sale, 50 days on the market and price cuts on 20% of listings.

• Morristown, MN 550527 for sale, median $485,000
• Faribault, MN 55021104 for sale, median $399,000
• Medford, MN 550495 for sale, median $467,000
• Waterville, MN 5609618 for sale, median $327,000