According to ColdwellBanker.com’s Home Price Comparison Index, a $200,000 home in Minneapolis would be worth $210,000 if it was in Edina, but only $193,000 if it was in St. Paul or Lake Minnetonka.
Programs like this seem interesting when you compare, say, Minneapolis to Cleveland or Seattle. However, the data starts to seem a bit less reliable when you get closer to home.