Norman County, Minnesota home prices
Typical home $181,155 · +5.8% in a year · property tax 0.94%
The typical home in Norman County is worth $181,155, 48% less than the Minnesota typical home ($348,778). Values changed +5.8% in the past year and +25.2% over five years. Homeowners here pay a median 0.94% of their home's value in property tax each year ($1,697 on the typical home), versus 1.04% statewide.
Mortgage on the typical Norman County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,231 | $144,924 | $975 | $0 | $232 | $1,207 | $51,700 |
| 10% down | $18,115 | $163,039 | $1,097 | $68 | $232 | $1,397 | $59,900 |
| 5% down | $9,058 | $172,097 | $1,158 | $72 | $232 | $1,461 | $62,600 |
| 3.5% down (FHA) | $6,340 | $177,874 | $1,197 | $80 | $232 | $1,509 | $64,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.94% 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 |
|---|---|---|---|
| Yellow Medicine County | $176,826 | +6.3% | 1.04% |
| Mahnomen County | $175,907 | +7.3% | 0.93% |
| Redwood County | $187,335 | +6.2% | 1% |
| Watonwan County | $174,190 | +3.2% | 1.05% |
| Pennington County | $191,990 | -2.4% | 1.26% |
| Renville County | $192,374 | +7.8% | 1.04% |
| Cottonwood County | $169,239 | -0.2% | 1.05% |
| Freeborn County | $197,437 | +5.5% | 1.11% |
| Marshall County | $199,293 | +6.3% | 0.8% |
| Faribault County | $161,984 | +3.7% | 0.99% |
Frequently asked questions
What is the average home price in Norman County, MN?
The typical home value in Norman County is $181,155 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Norman County?
About $51,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Norman County?
The median effective rate is 0.94% of home value a year (Census ACS 2024 5-year estimates).