McLeod County, Minnesota home prices
Typical home $297,246 · +2.3% in a year · property tax 1.15%
The typical home in McLeod County is worth $297,246, 15% less than the Minnesota typical home ($348,778). Values changed +2.3% in the past year and +25.3% over five years. Homeowners here pay a median 1.15% of their home's value in property tax each year ($3,430 on the typical home), versus 1.04% statewide.
Mortgage on the typical McLeod County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $59,449 | $237,796 | $1,600 | $0 | $434 | $2,034 | $87,200 |
| 10% down | $29,725 | $267,521 | $1,800 | $111 | $434 | $2,346 | $100,500 |
| 5% down | $14,862 | $282,383 | $1,900 | $118 | $434 | $2,452 | $105,100 |
| 3.5% down (FHA) | $10,404 | $291,862 | $1,963 | $131 | $434 | $2,529 | $108,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.15% 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 Hutchinson metro area.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Sibley County | $297,792 | +5.9% | 1.1% |
| Carlton County | $298,854 | +4.2% | 1.17% |
| Meeker County | $295,300 | +5.8% | 0.9% |
| Steele County | $293,327 | +2.1% | 1.21% |
| Blue Earth County | $301,642 | +2.1% | 0.98% |
| Clay County | $303,991 | +2.5% | 1.13% |
| Mille Lacs County | $309,263 | +1.5% | 1.04% |
| Kandiyohi County | $285,215 | +1.9% | 1.02% |
| Stearns County | $310,038 | +2.4% | 1% |
| Winona County | $282,899 | +3.9% | 0.93% |
Frequently asked questions
What is the average home price in McLeod County, MN?
The typical home value in McLeod County is $297,246 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in McLeod County?
About $87,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in McLeod County?
The median effective rate is 1.15% of home value a year (Census ACS 2024 5-year estimates).