The median home in Nerstrand, Minnesota is valued at $400,809, up 4.2% year over year. Nerstrand is part of the Faribault-Northfield, MN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$400,809

+4.2%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$80,162 on $400,809

Example: $75,000 household income. Change it above to see your own.

Out of reach40.8% of income

Need $109,329/yr to afford.

PITI$2,551

P/I40.8%

Afford$275K

Gap-$126K

P&I $2,027Tax $374Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Nerstrand with other housing markets across Minnesota.

Minnetonka Beach$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

Full Faribault-Northfield, MN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Faribault-Northfield, MN metro.

View Faribault-Northfield, MN metro

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Nerstrand, MN