House Prices

House Prices & Home Values Grand Marais, MN 2026


Average Data

average house price$346,600
average size per house1597 ft²
average price per ft²218 $ / ft²

04/16/2026 - The value range (VR) for house prices in Grand Marais, MN is $231/ sqft to $231/ sqft. An average home with 1597 sqft costs approximately $368,907 to $368,907. Grand Marais, MN includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 55604, while the highest are in ZIP 55604. The average price per sqare feet is $218. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Grand Marais

55604234 $ / ft²




Historical development of home values in Grand Marais

Year Estimated value (USD) Change vs. 2025
2010 $160,967 -53.6%
2011 $154,743 -55.4%
2012 $154,326 -55.5%
2013 $160,094 -53.8%
2014 $168,055 -51.5%
2015 $176,680 -49.0%
2016 $185,901 -46.4%
2017 $195,934 -43.5%
2018 $206,767 -40.3%
2019 $216,354 -37.6%
2020 $227,539 -34.4%
2021 $258,801 -25.3%
2022 $301,703 -13.0%
2023 $318,160 -8.2%
2024 $336,566 -2.9%
2025 $346,600 0.0%

Graph: estimated home values in Grand Marais over time (USD)



Example: 100% financing house in Grand Marais

Loan amount: $346,600

Interest rate: 6.00%

Fixed monthly payment: $2,078.04

Breakdown in the 1st month:
Interest portion: $1,733.00  –  Principal portion: $345.04

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $20,680.22 $4,256.29 $342,343.71
2 $20,417.70 $4,518.81 $337,824.90
3 $20,138.99 $4,797.52 $333,027.39
4 $19,843.09 $5,093.42 $327,933.97
5 $19,528.94 $5,407.57 $322,526.40
6 $19,195.41 $5,741.10 $316,785.31
7 $18,841.31 $6,095.19 $310,690.11
8 $18,465.37 $6,471.13 $304,218.98
9 $18,066.25 $6,870.26 $297,348.72
10 $17,642.51 $7,294.00 $290,054.72
11 $17,192.63 $7,743.88 $282,310.85
12 $16,715.00 $8,221.50 $274,089.34
13 $16,207.92 $8,728.59 $265,360.75
14 $15,669.56 $9,266.95 $256,093.81
15 $15,097.99 $9,838.51 $246,255.29
16 $14,491.18 $10,445.33 $235,809.96
17 $13,846.93 $11,089.58 $224,720.39
18 $13,162.95 $11,773.56 $212,946.83
19 $12,436.78 $12,499.72 $200,447.11
20 $11,665.83 $13,270.68 $187,176.43
21 $10,847.32 $14,089.19 $173,087.24
22 $9,978.33 $14,958.18 $158,129.07
23 $9,055.74 $15,880.76 $142,248.31
24 $8,076.25 $16,860.25 $125,388.05
25 $7,036.35 $17,900.16 $107,487.89
26 $5,932.31 $19,004.20 $88,483.69
27 $4,760.17 $20,176.34 $68,307.36
28 $3,515.74 $21,420.77 $46,886.59
29 $2,194.55 $22,741.96 $24,144.63
30 $791.88 $24,144.63 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Grand Marais, MN


1500 sqft3900 sqft
Ø selling price$395,671$841,699
Ø fast selling$359,700$757,529
Ø high price sale$431,641$925,868

In 2026, houses in Grand Marais, MN will be offered at an average price of $218 per square foot. A 1,500 sqft home priced at $395,671 is 23.28% more expensive per square foot than a 3,900 sqft home priced at $841,699. Home prices in Grand Marais, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $582,714. Sellers who can wait longer may achieve a higher price of up to $712,206.


Grand Marais, MN Travel Guide

Overview

Located on the North Shore of Lake Superior, Grand Marais MN is a small harbor town known for big scenery and welcoming artsy vibes. This travel guide highlights the best things to do in Grand Marais MN, where to eat and stay, and tips for planning a memorable North Shore escape.


Outdoor Adventures

Outdoor lovers hike rugged trails at Cascade River State Park and Judge C.R. Magney State Park, with waterfalls and sweeping overlooks. The Gunflint Trail leads into the Boundary Waters Canoe Area Wilderness for paddling, wildlife watching, and dark-sky stargazing. Closer to town, stroll the breakwater to the lighthouse, kayak the harbor, or bike singletrack at Pincushion Mountain.


Arts & Culture

The creative scene thrives with working studios, artists? galleries, and hands-on classes at the North House Folk School. Seasonal events, live music, and craft markets make downtown walkable, photogenic, and full of local character.


Food & Lodging

Savor fresh Lake Superior fish, wood-fired pizza, and craft coffee, then unwind at lakeside lodges, cozy cabins, or in-town boutiques. Advance reservations are smart for peak weekends, and many stays are pet-friendly with easy access to trails and the harbor.


When to Visit

Visit for wildflower spring, beach days and festivals in summer, brilliant fall colors, or snowy adventures and nearby Lutsen downhill runs in winter.



FAQ – Home Values in Grand Marais

What is the median home value in Grand Marais in 2026?

In 2026, the typical home value in Grand Marais is about $346,600 for an average home size of 1597 square feet. This corresponds to an average price of roughly $218 per square foot.

What is the average cost per square foot in Grand Marais?

In 2026, homes in Grand Marais sell for an average of around $218 per square foot, with a typical range between $231 and $231 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Grand Marais is about 1597 square feet, with an estimated 2026 value around $346,600.



Locations close to Grand Marais, MN

Grand Portage, MN250 $ / ft²
Hovland, MN291 $ / ft²
Isabella, MN90 $ / ft²
Finland, MN181 $ / ft²
Brimson, MN124 $ / ft²
Beaver Bay, MN124 $ / ft²
  imprint  Privacy