Polk County, Minnesota home prices
Typical home $253,192 · +5.9% in a year · property tax 1.01%
The typical home in Polk County is worth $253,192, 27% less than the Minnesota typical home ($348,778). Values changed +5.9% in the past year and +26.5% over five years. Homeowners here pay a median 1.01% of their home's value in property tax each year ($2,551 on the typical home), versus 1.04% statewide.
Mortgage on the typical Polk County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,638 | $202,553 | $1,363 | $0 | $339 | $1,702 | $72,900 |
| 10% down | $25,319 | $227,872 | $1,533 | $95 | $339 | $1,967 | $84,300 |
| 5% down | $12,660 | $240,532 | $1,618 | $100 | $339 | $2,057 | $88,200 |
| 3.5% down (FHA) | $8,862 | $248,606 | $1,672 | $112 | $339 | $2,124 | $91,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.01% 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 Grand Forks metro area.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Murray County | $254,869 | +8.2% | 0.79% |
| Saint Louis County | $255,915 | +5.6% | 1.03% |
| Clearwater County | $248,962 | +11.2% | 0.67% |
| Waseca County | $259,153 | +2.5% | 1.18% |
| Brown County | $247,202 | +7.2% | 1.03% |
| Itasca County | $246,649 | +0.1% | 0.86% |
| Nobles County | $246,403 | +6.5% | 0.99% |
| Pine County | $261,692 | +5.1% | 0.86% |
| Beltrami County | $263,076 | +2.7% | 0.97% |
| Rock County | $263,653 | +3.4% | 0.71% |
Frequently asked questions
What is the average home price in Polk County, MN?
The typical home value in Polk County is $253,192 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Polk County?
About $72,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Polk County?
The median effective rate is 1.01% of home value a year (Census ACS 2024 5-year estimates).