Austin, MN home prices
Typical home $201,983 · +2.9% in a year · income needed $58,300
The Austin, MN metro area ranks 627 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.9% in a year and +27.4% over five years. With 20% down at 7.11%, the typical home costs about $1,361 a month including 1.03% property tax (Mower County rate).
Mortgage on the typical Austin home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,397 | $161,586 | $1,087 | $0 | $274 | $1,361 | $58,300 |
| 10% down | $20,198 | $181,784 | $1,223 | $76 | $274 | $1,573 | $67,400 |
| 5% down | $10,099 | $191,883 | $1,291 | $80 | $274 | $1,645 | $70,500 |
| 3.5% down (FHA) | $7,069 | $198,324 | $1,334 | $89 | $274 | $1,698 | $72,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.03% 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.
Counties in the Austin area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Mower County, MN | $201,999 | +2.9% | 1.03% |
What can you afford in Minnesota on your salary? · Minnesota home prices · Salaries in Minnesota
Frequently asked questions
How much is a house in Austin?
The typical home in the Austin, MN metro area is worth $201,983 (Zillow, September 2026).
What salary do you need to buy a house in Austin?
About $58,300 a year for the typical home with 20% down at 7.11%.