Minnesota home prices and mortgage costs
Typical home value $348,778 · +2.3% in a year · property tax 1.04%
Typical home value
$348,778
Payment (20% down)
$2,354
Income needed
$100,900
Minnesota ranks 26th most expensive of 51 states and D.C. Home values changed +2.3% over the past year and +14.1% over five years. Buying the typical home with 20% down costs about $2,354 a month at 7.11%, which needs a household income of about $100,900.
Cost of the typical Minnesota home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $69,756 | $279,022 | $1,877 | $0 | $477 | $2,354 | $100,900 |
| 10% down | $34,878 | $313,900 | $2,112 | $131 | $477 | $2,719 | $116,500 |
| 5% down | $17,439 | $331,339 | $2,229 | $138 | $477 | $2,844 | $121,900 |
| 3.5% down (FHA) | $12,207 | $342,460 | $2,304 | $154 | $477 | $2,935 | $125,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.04% 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.
Check a specific budget: how much house you can afford in Minnesota by salary · payment on a $350K home in Minnesota
Home prices by county in Minnesota
| County | Typical home | 1-yr change | Tax rate | Payment / month | Income needed |
|---|---|---|---|---|---|
| Carver County | $490,761 | +2.9% | 0.99% | $3,292 | $141,100 |
| Washington County | $445,711 | +2.8% | 0.99% | $2,988 | $128,100 |
| Scott County | $442,767 | +1.2% | 1.01% | $2,976 | $127,600 |
| Cook County | $438,446 | +4.4% | 0.69% | $2,829 | $121,300 |
| Wright County | $397,588 | +1.2% | 0.98% | $2,664 | $114,200 |
| Dakota County | $393,429 | +1.4% | 0.98% | $2,637 | $113,000 |
| Sherburne County | $391,353 | +2.6% | 0.99% | $2,623 | $112,400 |
| Hennepin County | $386,707 | +1.4% | 1.14% | $2,642 | $113,200 |
| Chisago County | $384,657 | +2.4% | 1.07% | $2,607 | $111,700 |
| Anoka County | $373,109 | +1.6% | 0.94% | $2,488 | $106,600 |
| Crow Wing County | $369,756 | +3.4% | 0.74% | $2,404 | $103,000 |
| Becker County | $354,781 | +5.0% | 0.69% | $2,291 | $98,200 |
| Le Sueur County | $353,278 | +2.6% | 1.06% | $2,391 | $102,500 |
| Rice County | $350,912 | +2.2% | 0.97% | $2,348 | $100,600 |
| Olmsted County | $349,397 | +3.5% | 1.06% | $2,364 | $101,300 |
| Douglas County | $347,708 | +3.3% | 0.83% | $2,286 | $98,000 |
| Isanti County | $339,624 | +2.5% | 1.01% | $2,282 | $97,800 |
| Cass County | $336,524 | +2.7% | 0.56% | $2,136 | $91,600 |
| Ramsey County | $334,747 | +1.7% | 1.21% | $2,308 | $98,900 |
| Otter Tail County | $334,672 | +5.8% | 0.77% | $2,182 | $93,500 |
| Dodge County | $334,610 | +5.6% | 1.11% | $2,277 | $97,600 |
| Pope County | $327,911 | +3.2% | 0.77% | $2,139 | $91,700 |
| Houston County | $322,279 | +3.5% | 1.15% | $2,205 | $94,500 |
| Goodhue County | $321,212 | +1.6% | 1.05% | $2,171 | $93,000 |
| Wabasha County | $318,894 | +5.2% | 1.05% | $2,156 | $92,400 |
| Hubbard County | $317,334 | +1.9% | 0.78% | $2,074 | $88,900 |
| Benton County | $313,228 | +2.8% | 0.98% | $2,098 | $89,900 |
| Morrison County | $312,773 | +3.3% | 0.88% | $2,069 | $88,700 |
| Nicollet County | $312,313 | +3.0% | 1.13% | $2,130 | $91,300 |
| Stearns County | $310,038 | +2.4% | 1% | $2,083 | $89,300 |
| Mille Lacs County | $309,263 | +1.5% | 1.04% | $2,088 | $89,500 |
| Clay County | $303,991 | +2.5% | 1.13% | $2,075 | $88,900 |
| Blue Earth County | $301,642 | +2.1% | 0.98% | $2,019 | $86,500 |
| Carlton County | $298,854 | +4.2% | 1.17% | $2,049 | $87,800 |
| Sibley County | $297,792 | +5.9% | 1.1% | $2,024 | $86,700 |
| McLeod County | $297,246 | +2.3% | 1.15% | $2,034 | $87,200 |
| Meeker County | $295,300 | +5.8% | 0.9% | $1,959 | $83,900 |
| Steele County | $293,327 | +2.1% | 1.21% | $2,020 | $86,600 |
| Kandiyohi County | $285,215 | +1.9% | 1.02% | $1,921 | $82,300 |
| Winona County | $282,899 | +3.9% | 0.93% | $1,882 | $80,700 |
| Fillmore County | $280,947 | +2.3% | 0.94% | $1,872 | $80,200 |
| Aitkin County | $275,987 | +4.0% | 0.55% | $1,750 | $75,000 |
| Lake County | $275,583 | +3.7% | 0.73% | $1,789 | $76,700 |
| Kanabec County | $270,028 | +5.7% | 1.13% | $1,843 | $79,000 |
| Todd County | $265,621 | +6.8% | 0.95% | $1,774 | $76,000 |
| Rock County | $263,653 | +3.4% | 0.71% | $1,706 | $73,100 |
| Beltrami County | $263,076 | +2.7% | 0.97% | $1,760 | $75,400 |
| Pine County | $261,692 | +5.1% | 0.86% | $1,728 | $74,000 |
| Waseca County | $259,153 | +2.5% | 1.18% | $1,779 | $76,200 |
| Saint Louis County | $255,915 | +5.6% | 1.03% | $1,724 | $73,900 |
| Murray County | $254,869 | +8.2% | 0.79% | $1,668 | $71,500 |
| Polk County | $253,192 | +5.9% | 1.01% | $1,702 | $72,900 |
| Clearwater County | $248,962 | +11.2% | 0.67% | $1,604 | $68,800 |
| Brown County | $247,202 | +7.2% | 1.03% | $1,667 | $71,400 |
| Itasca County | $246,649 | +0.1% | 0.86% | $1,628 | $69,800 |
| Nobles County | $246,403 | +6.5% | 0.99% | $1,653 | $70,800 |
| Grant County | $241,357 | +6.9% | 0.93% | $1,607 | $68,900 |
| Wadena County | $227,305 | +4.3% | 1.04% | $1,535 | $65,800 |
| Jackson County | $227,184 | +0.5% | 0.93% | $1,512 | $64,800 |
| Lyon County | $226,888 | +8.5% | 1.06% | $1,535 | $65,800 |
| Roseau County | $225,440 | +2.2% | 0.97% | $1,508 | $64,600 |
| Chippewa County | $221,400 | +6.6% | 1.1% | $1,504 | $64,500 |
| Lake of the Woods County | $221,109 | +3.8% | 0.66% | $1,421 | $60,900 |
| Wilkin County | $220,770 | +4.7% | 0.79% | $1,443 | $61,900 |
| Martin County | $219,955 | +3.5% | 1.02% | $1,481 | $63,500 |
| Stevens County | $217,836 | +8.1% | 0.81% | $1,427 | $61,200 |
| Lac Qui Parle County | $216,260 | +3.9% | 0.9% | $1,435 | $61,500 |
| Red Lake County | $208,265 | +8.2% | 1% | $1,399 | $59,900 |
| Lincoln County | $207,341 | +5.4% | 0.96% | $1,385 | $59,400 |
| Big Stone County | $205,428 | +9.9% | 0.87% | $1,357 | $58,200 |
| Pipestone County | $205,022 | +9.0% | 0.86% | $1,353 | $58,000 |
| Mower County | $201,999 | +2.9% | 1.03% | $1,361 | $58,300 |
| Swift County | $200,692 | +5.2% | 0.86% | $1,324 | $56,700 |
| Marshall County | $199,293 | +6.3% | 0.8% | $1,305 | $55,900 |
| Freeborn County | $197,437 | +5.5% | 1.11% | $1,345 | $57,600 |
| Renville County | $192,374 | +7.8% | 1.04% | $1,298 | $55,600 |
| Pennington County | $191,990 | -2.4% | 1.26% | $1,330 | $57,000 |
| Redwood County | $187,335 | +6.2% | 1% | $1,258 | $53,900 |
| Norman County | $181,155 | +5.8% | 0.94% | $1,207 | $51,700 |
| Yellow Medicine County | $176,826 | +6.3% | 1.04% | $1,193 | $51,100 |
| Mahnomen County | $175,907 | +7.3% | 0.93% | $1,171 | $50,200 |
| Watonwan County | $174,190 | +3.2% | 1.05% | $1,176 | $50,400 |
| Cottonwood County | $169,239 | -0.2% | 1.05% | $1,144 | $49,000 |
| Faribault County | $161,984 | +3.7% | 0.99% | $1,086 | $46,500 |
| Koochiching County | $157,546 | +4.1% | 0.74% | $1,024 | $43,900 |
| Traverse County | $151,419 | +7.6% | 0.99% | $1,015 | $43,500 |
| Kittson County | $145,496 | +0.1% | 0.92% | $967 | $41,500 |
Metro areas in Minnesota
Frequently asked questions
What is the average home price in Minnesota?
The typical home in Minnesota is worth $348,778 according to the Zillow Home Value Index for September 2026.
How much income do you need to buy a house in Minnesota?
About $100,900 a year to buy the typical $348,778 home with 20% down at 7.11%, keeping housing under 28% of income.
What is the property tax rate in Minnesota?
The typical effective rate is 1.04% of the home's value a year (median taxes paid divided by median home value, Census ACS 2025).