How much house can I afford on $60,000 in Minnesota?
About $207,000 with 20% down ($166,000 with an FHA loan), using Minnesota's 1.04% property tax rate.
That is $141,337 less than the typical Minnesota home ($348,778), so on $60,000 you'd look at cheaper areas or a smaller home. The payment of $1,400 covers $1,116 principal and interest, $180 property tax and $104 insurance.
Counties in Minnesota you can afford on $60,000
19 of 87 counties have a typical home value at or below $207,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lincoln County | $207,341 | +5.4% | 0.96% |
| Big Stone County | $205,428 | +9.9% | 0.87% |
| Pipestone County | $205,022 | +9.0% | 0.86% |
| Mower County | $201,999 | +2.9% | 1.03% |
| Swift County | $200,692 | +5.2% | 0.86% |
| Marshall County | $199,293 | +6.3% | 0.8% |
| Freeborn County | $197,437 | +5.5% | 1.11% |
| Renville County | $192,374 | +7.8% | 1.04% |
| Pennington County | $191,990 | -2.4% | 1.26% |
| Redwood County | $187,335 | +6.2% | 1% |
| Norman County | $181,155 | +5.8% | 0.94% |
| Yellow Medicine County | $176,826 | +6.3% | 1.04% |
| Mahnomen County | $175,907 | +7.3% | 0.93% |
| Watonwan County | $174,190 | +3.2% | 1.05% |
| 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% |
Affordable metro areas
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 $60,000 in Minnesota?
About $207,000 with 20% down at 7.11%, keeping the payment (with Minnesota's 1.04% property tax and insurance) under $1,400 a month.
Is $60,000 enough to buy a house in Minnesota?
Not the typical home: the typical Minnesota home is worth $348,778 (Zillow, September 2026) and $60,000 supports about $207,000. 19 of 87 counties are within budget.