Fergus Falls, MN home prices
Typical home $334,667 · +5.8% in a year · income needed $93,500
The Fergus Falls, MN metro area ranks 250 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.8% in a year and +28.4% over five years. With 20% down at 7.11%, the typical home costs about $2,182 a month including 0.77% property tax (Otter Tail County rate).
Mortgage on the typical Fergus Falls home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $66,933 | $267,734 | $1,801 | $0 | $381 | $2,182 | $93,500 |
| 10% down | $33,467 | $301,200 | $2,026 | $126 | $381 | $2,533 | $108,600 |
| 5% down | $16,733 | $317,934 | $2,139 | $132 | $381 | $2,652 | $113,700 |
| 3.5% down (FHA) | $11,713 | $328,605 | $2,211 | $148 | $381 | $2,740 | $117,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.77% 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 Fergus Falls area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Otter Tail County, MN | $334,672 | +5.8% | 0.77% |
What can you afford in Minnesota on your salary? · Minnesota home prices · Salaries in Minnesota
Frequently asked questions
How much is a house in Fergus Falls?
The typical home in the Fergus Falls, MN metro area is worth $334,667 (Zillow, September 2026).
What salary do you need to buy a house in Fergus Falls?
About $93,500 a year for the typical home with 20% down at 7.11%.