Blue Earth County, Minnesota home prices
Typical home $301,642 · +2.1% in a year · property tax 0.98%
The typical home in Blue Earth County is worth $301,642, 14% less than the Minnesota typical home ($348,778). Values changed +2.1% in the past year and +24.1% over five years. Homeowners here pay a median 0.98% of their home's value in property tax each year ($2,942 on the typical home), versus 1.04% statewide.
Mortgage on the typical Blue Earth County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,328 | $241,314 | $1,623 | $0 | $396 | $2,019 | $86,500 |
| 10% down | $30,164 | $271,478 | $1,826 | $113 | $396 | $2,335 | $100,100 |
| 5% down | $15,082 | $286,560 | $1,928 | $119 | $396 | $2,443 | $104,700 |
| 3.5% down (FHA) | $10,557 | $296,179 | $1,992 | $133 | $396 | $2,522 | $108,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.98% 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.
What it takes: see what you can afford by salary in Minnesota · part of the Mankato metro area.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Clay County | $303,991 | +2.5% | 1.13% |
| Carlton County | $298,854 | +4.2% | 1.17% |
| Sibley County | $297,792 | +5.9% | 1.1% |
| McLeod County | $297,246 | +2.3% | 1.15% |
| Meeker County | $295,300 | +5.8% | 0.9% |
| Mille Lacs County | $309,263 | +1.5% | 1.04% |
| Steele County | $293,327 | +2.1% | 1.21% |
| Stearns County | $310,038 | +2.4% | 1% |
| Nicollet County | $312,313 | +3.0% | 1.13% |
| Morrison County | $312,773 | +3.3% | 0.88% |
Frequently asked questions
What is the average home price in Blue Earth County, MN?
The typical home value in Blue Earth County is $301,642 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Blue Earth County?
About $86,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Blue Earth County?
The median effective rate is 0.98% of home value a year (Census ACS 2024 5-year estimates).