How much house can I afford on $50,000 in Minnesota?
About $173,000 with 20% down ($139,000 with an FHA loan), using Minnesota's 1.04% property tax rate.
That is $175,910 less than the typical Minnesota home ($348,778), so on $50,000 you'd look at cheaper areas or a smaller home. The payment of $1,167 covers $930 principal and interest, $150 property tax and $86 insurance.
Counties in Minnesota you can afford on $50,000
5 of 87 counties have a typical home value at or below $173,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cottonwood County | $169,239 | -0.2% | 1.05% |
| Faribault County | $161,984 | +3.7% | 0.99% |
| Koochiching County | $157,546 | +4.1% | 0.74% |
| Traverse County | $151,419 | +7.6% | 0.99% |
| Kittson County | $145,496 | +0.1% | 0.92% |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.04% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Minnesota
Frequently asked questions
How much house can I afford on $50,000 in Minnesota?
About $173,000 with 20% down at 7.11%, keeping the payment (with Minnesota's 1.04% property tax and insurance) under $1,167 a month.
Is $50,000 enough to buy a house in Minnesota?
Not the typical home: the typical Minnesota home is worth $348,778 (Zillow, September 2026) and $50,000 supports about $173,000. 5 of 87 counties are within budget.