Ramsey County, Minnesota home prices
Typical home $334,747 · +1.7% in a year · property tax 1.21%
The typical home in Ramsey County is worth $334,747, 4% less than the Minnesota typical home ($348,778). Values changed +1.7% in the past year and +8.8% over five years. Homeowners here pay a median 1.21% of their home's value in property tax each year ($4,065 on the typical home), versus 1.04% statewide.
Mortgage on the typical Ramsey County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $66,949 | $267,798 | $1,801 | $0 | $506 | $2,308 | $98,900 |
| 10% down | $33,475 | $301,273 | $2,027 | $126 | $506 | $2,658 | $113,900 |
| 5% down | $16,737 | $318,010 | $2,139 | $133 | $506 | $2,778 | $119,100 |
| 3.5% down (FHA) | $11,716 | $328,684 | $2,211 | $148 | $506 | $2,865 | $122,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.21% 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 Minneapolis metro area.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Otter Tail County | $334,672 | +5.8% | 0.77% |
| Dodge County | $334,610 | +5.6% | 1.11% |
| Cass County | $336,524 | +2.7% | 0.56% |
| Isanti County | $339,624 | +2.5% | 1.01% |
| Pope County | $327,911 | +3.2% | 0.77% |
| Houston County | $322,279 | +3.5% | 1.15% |
| Douglas County | $347,708 | +3.3% | 0.83% |
| Goodhue County | $321,212 | +1.6% | 1.05% |
| Olmsted County | $349,397 | +3.5% | 1.06% |
| Wabasha County | $318,894 | +5.2% | 1.05% |
Frequently asked questions
What is the average home price in Ramsey County, MN?
The typical home value in Ramsey County is $334,747 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Ramsey County?
About $98,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Ramsey County?
The median effective rate is 1.21% of home value a year (Census ACS 2024 5-year estimates).