House Prices

House Prices & Home Values Melrude, MN 2026


Average Data

average house price$247,008
average size per house2226 ft²
average price per ft²111 $ / ft²

04/04/2026 - The value range (VR) for house prices in Melrude, MN is $97/ sqft to $97/ sqft. An average home with 2226 sqft costs approximately $215,922 to $215,922. Melrude, MN includes 1 ZIP codes and it is located in St. Louis county. The lowest prices are found in ZIP 55766, while the highest are in ZIP 55766. The average price per sqare feet is $111. Our analysis is based on 26 property listings.

Avergage prices by ZIP codes Melrude

5576691 $ / ft²




Historical development of home values in Melrude

Year Estimated value (USD) Change vs. 2025
2010 $114,715 -53.6%
2011 $110,279 -55.4%
2012 $109,982 -55.5%
2013 $114,093 -53.8%
2014 $119,766 -51.5%
2015 $125,913 -49.0%
2016 $132,484 -46.4%
2017 $139,635 -43.5%
2018 $147,354 -40.3%
2019 $154,187 -37.6%
2020 $162,158 -34.4%
2021 $184,437 -25.3%
2022 $215,012 -13.0%
2023 $226,740 -8.2%
2024 $239,857 -2.9%
2025 $247,008 0.0%

Graph: estimated home values in Melrude over time (USD)



Example: 100% financing house in Melrude

Loan amount: $247,008

Interest rate: 6.00%

Fixed monthly payment: $1,480.94

Breakdown in the 1st month:
Interest portion: $1,235.04  –  Principal portion: $245.90

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,737.97 $3,033.29 $243,974.71
2 $14,550.88 $3,220.37 $240,754.34
3 $14,352.25 $3,419.00 $237,335.34
4 $14,141.38 $3,629.88 $233,705.46
5 $13,917.49 $3,853.76 $229,851.71
6 $13,679.80 $4,091.45 $225,760.26
7 $13,427.45 $4,343.80 $221,416.45
8 $13,159.54 $4,611.72 $216,804.74
9 $12,875.09 $4,896.16 $211,908.58
10 $12,573.11 $5,198.14 $206,710.44
11 $12,252.50 $5,518.75 $201,191.68
12 $11,912.12 $5,859.14 $195,332.55
13 $11,550.74 $6,220.52 $189,112.03
14 $11,167.07 $6,604.18 $182,507.85
15 $10,759.74 $7,011.52 $175,496.33
16 $10,327.28 $7,443.97 $168,052.36
17 $9,868.15 $7,903.10 $160,149.26
18 $9,380.71 $8,390.54 $151,758.72
19 $8,863.20 $8,908.05 $142,850.66
20 $8,313.77 $9,457.48 $133,393.18
21 $7,730.45 $10,040.80 $123,352.38
22 $7,111.16 $10,660.10 $112,692.28
23 $6,453.67 $11,317.59 $101,374.70
24 $5,755.62 $12,015.63 $89,359.06
25 $5,014.52 $12,756.73 $76,602.34
26 $4,227.72 $13,543.54 $63,058.80
27 $3,392.38 $14,378.87 $48,679.93
28 $2,505.52 $15,265.73 $33,414.20
29 $1,563.97 $16,207.29 $17,206.92
30 $564.34 $17,206.92 $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 Melrude, MN


1500 sqft3900 sqft
Ø selling price$201,466$428,572
Ø fast selling$183,151$385,714
Ø high price sale$219,781$471,429

In 2026, houses in Melrude, MN will be offered at an average price of $111 per square foot. A 1,500 sqft home priced at $201,466 is 21.46% more expensive per square foot than a 3,900 sqft home priced at $428,572. Home prices in Melrude, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $296,703. Sellers who can wait longer may achieve a higher price of up to $362,638.


Discover Melrude, MN

Melrude, MN is a quiet unincorporated community in St. Louis County, nestled among the forests and lakes of Minnesota?s Arrowhead region. This Northland destination offers an authentic small-town feel and easy access to classic outdoor recreation.
Visitors come to Melrude Minnesota for peaceful cabin stays, wildlife watching, and star-filled night skies far from city lights. The area?s mix of pine woods, wetlands, and nearby lakes creates excellent conditions for fishing, paddling, and birding throughout the warmer months.
In winter, snow-draped trails invite snowshoeing, cross-country skiing, and scenic drives through the boreal landscape.

Outdoors, Access, and Travel Tips

Situated within reach of regional hubs like Duluth and the Iron Range, Melrude serves as a calm base for North Shore and inland day trips. Roads winding through the county connect visitors to trailheads, public land, and seasonal festivals that celebrate northern Minnesota culture.
For anglers and paddlers, nearby lakes and rivers reward early starts, while quiet shorelines make family picnics and sunsets memorable. Travelers will find rustic lodging, campgrounds, and local services scattered around the surrounding townships, with larger amenities a short drive away.
Whether you seek solitude, four-season adventure, or a gateway to the greater Arrowhead, Melrude, MN delivers an inviting slice of the Northwoods.



FAQ – Home Values in Melrude

What is the median home value in Melrude in 2026?

In 2026, the typical home value in Melrude is about $247,008 for an average home size of 2226 square feet. This corresponds to an average price of roughly $111 per square foot.

What is the average cost per square foot in Melrude?

In 2026, homes in Melrude sell for an average of around $111 per square foot, with a typical range between $97 and $97 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 Melrude is about 2226 square feet, with an estimated 2026 value around $247,008.



Locations close to Melrude, MN

Moose Lake, MN132 $ / ft²
Mountain Iron, MN157 $ / ft²
Nashwauk, MN44 $ / ft²
Meadowlands, MN104 $ / ft²
Marble, MN75 $ / ft²
Makinen, MN101 $ / ft²
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