Hutchinson, MN home prices
Typical home $297,248 · +2.3% in a year · income needed $87,200
The Hutchinson, MN metro area ranks 326 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.3% in a year and +25.2% over five years. With 20% down at 7.11%, the typical home costs about $2,034 a month including 1.15% property tax (McLeod County rate).
Mortgage on the typical Hutchinson home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $59,450 | $237,798 | $1,600 | $0 | $434 | $2,034 | $87,200 |
| 10% down | $29,725 | $267,523 | $1,800 | $111 | $434 | $2,346 | $100,500 |
| 5% down | $14,862 | $282,386 | $1,900 | $118 | $434 | $2,452 | $105,100 |
| 3.5% down (FHA) | $10,404 | $291,864 | $1,963 | $131 | $434 | $2,529 | $108,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.15% 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 Hutchinson area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| McLeod County, MN | $297,246 | +2.3% | 1.15% |
What can you afford in Minnesota on your salary? · Minnesota home prices · Salaries in Minnesota
Frequently asked questions
How much is a house in Hutchinson?
The typical home in the Hutchinson, MN metro area is worth $297,248 (Zillow, September 2026).
What salary do you need to buy a house in Hutchinson?
About $87,200 a year for the typical home with 20% down at 7.11%.