Watonwan County, Minnesota home prices
Typical home $174,190 · +3.2% in a year · property tax 1.05%
The typical home in Watonwan County is worth $174,190, 50% less than the Minnesota typical home ($348,778). Values changed +3.2% in the past year and +48.5% over five years. Homeowners here pay a median 1.05% of their home's value in property tax each year ($1,823 on the typical home), versus 1.04% statewide.
Mortgage on the typical Watonwan County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,838 | $139,352 | $937 | $0 | $239 | $1,176 | $50,400 |
| 10% down | $17,419 | $156,771 | $1,055 | $65 | $239 | $1,359 | $58,200 |
| 5% down | $8,710 | $165,481 | $1,113 | $69 | $239 | $1,421 | $60,900 |
| 3.5% down (FHA) | $6,097 | $171,035 | $1,151 | $77 | $239 | $1,467 | $62,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.05% 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 |
|---|---|---|---|
| Mahnomen County | $175,907 | +7.3% | 0.93% |
| Yellow Medicine County | $176,826 | +6.3% | 1.04% |
| Cottonwood County | $169,239 | -0.2% | 1.05% |
| Norman County | $181,155 | +5.8% | 0.94% |
| Faribault County | $161,984 | +3.7% | 0.99% |
| Redwood County | $187,335 | +6.2% | 1% |
| Koochiching County | $157,546 | +4.1% | 0.74% |
| Pennington County | $191,990 | -2.4% | 1.26% |
| Renville County | $192,374 | +7.8% | 1.04% |
| Traverse County | $151,419 | +7.6% | 0.99% |
Frequently asked questions
What is the average home price in Watonwan County, MN?
The typical home value in Watonwan County is $174,190 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Watonwan County?
About $50,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Watonwan County?
The median effective rate is 1.05% of home value a year (Census ACS 2024 5-year estimates).