Olmsted County, Minnesota home prices
Typical home $349,397 · +3.5% in a year · property tax 1.06%
The typical home in Olmsted County is worth $349,397, about the same as the Minnesota typical home ($348,778). Values changed +3.5% in the past year and +18.4% over five years. Homeowners here pay a median 1.06% of their home's value in property tax each year ($3,713 on the typical home), versus 1.04% statewide.
Mortgage on the typical Olmsted County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $69,879 | $279,518 | $1,880 | $0 | $484 | $2,364 | $101,300 |
| 10% down | $34,940 | $314,457 | $2,115 | $131 | $484 | $2,731 | $117,000 |
| 5% down | $17,470 | $331,927 | $2,233 | $138 | $484 | $2,855 | $122,400 |
| 3.5% down (FHA) | $12,229 | $343,069 | $2,308 | $155 | $484 | $2,947 | $126,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% 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 Rochester metro area.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Rice County | $350,912 | +2.2% | 0.97% |
| Douglas County | $347,708 | +3.3% | 0.83% |
| Le Sueur County | $353,278 | +2.6% | 1.06% |
| Becker County | $354,781 | +5.0% | 0.69% |
| Isanti County | $339,624 | +2.5% | 1.01% |
| Cass County | $336,524 | +2.7% | 0.56% |
| Ramsey County | $334,747 | +1.7% | 1.21% |
| Otter Tail County | $334,672 | +5.8% | 0.77% |
| Dodge County | $334,610 | +5.6% | 1.11% |
| Crow Wing County | $369,756 | +3.4% | 0.74% |
Frequently asked questions
What is the average home price in Olmsted County, MN?
The typical home value in Olmsted County is $349,397 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Olmsted County?
About $101,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Olmsted County?
The median effective rate is 1.06% of home value a year (Census ACS 2024 5-year estimates).