Martin County, Minnesota home prices
Typical home $219,955 · +3.5% in a year · property tax 1.02%
The typical home in Martin County is worth $219,955, 37% less than the Minnesota typical home ($348,778). Values changed +3.5% in the past year and +30.8% over five years. Homeowners here pay a median 1.02% of their home's value in property tax each year ($2,248 on the typical home), versus 1.04% statewide.
Mortgage on the typical Martin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $43,991 | $175,964 | $1,184 | $0 | $297 | $1,481 | $63,500 |
| 10% down | $21,995 | $197,959 | $1,332 | $82 | $297 | $1,711 | $73,300 |
| 5% down | $10,998 | $208,957 | $1,406 | $87 | $297 | $1,790 | $76,700 |
| 3.5% down (FHA) | $7,698 | $215,971 | $1,453 | $97 | $297 | $1,847 | $79,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.02% 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.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wilkin County | $220,770 | +4.7% | 0.79% |
| Lake of the Woods County | $221,109 | +3.8% | 0.66% |
| Chippewa County | $221,400 | +6.6% | 1.1% |
| Stevens County | $217,836 | +8.1% | 0.81% |
| Lac Qui Parle County | $216,260 | +3.9% | 0.9% |
| Roseau County | $225,440 | +2.2% | 0.97% |
| Lyon County | $226,888 | +8.5% | 1.06% |
| Jackson County | $227,184 | +0.5% | 0.93% |
| Wadena County | $227,305 | +4.3% | 1.04% |
| Red Lake County | $208,265 | +8.2% | 1% |
Frequently asked questions
What is the average home price in Martin County, MN?
The typical home value in Martin County is $219,955 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Martin County?
About $63,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Martin County?
The median effective rate is 1.02% of home value a year (Census ACS 2024 5-year estimates).