Northfield, MN housing market
The typical Northfield home is worth about $393,000, up 2.1% in a year, 12% above the Minnesota typical home.
Home values, sales, trends and how Northfield compares with the towns next door — updated as new data is published.
Northfield at a glance
Typical home value, 2016–2026
Show as a table
| January | Northfield | Minnesota |
|---|---|---|
| 2017 | $238,000 | $217,000 |
| 2018 | $256,000 | $232,000 |
| 2019 | $268,000 | $246,000 |
| 2020 | $280,000 | $259,000 |
| 2021 | $307,000 | $282,000 |
| 2022 | $343,000 | $313,000 |
| 2023 | $355,000 | $325,000 |
| 2024 | $364,000 | $331,000 |
| 2025 | $379,000 | $341,000 |
| 2026 | $390,000 | $349,000 |
| August 2026 | $393,000 | $351,000 |
Northfield and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Northfield | $393K | +2.1% | $1,550 | — | $104,286 |
| Northfield | — | +4.6%† | $1,520 | 21 | $84,895 |
| Bridgewater | — | +3.3%† | $1,530 | 2 | $121,000 |
| Dennison | $425K | +2.3% | $1,640 | — | $55,000 |
| Waterford | — | +4.6%† | $1,520 | 0 | $86,250 |
| Sciota | — | +4.6%† | $1,650 | 0 | $113,750 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,550
HUD's Fair Market Rent for a two-bedroom in Northfield is $1,550 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Northfield pay a median of $1,583.
Studio $1,130 · 4 bedrooms $2,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55018, 55053, 55057; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.