Property tax rate
1.02%Median bill $3,357/yr · CensusMedian rent
$1,2802-bed $1,356Per month · CensusDays on market
47 days▲ 2 days vs last yearSeptember 2026 · Realtor.comWhat the numbers say
Minnesota real estate at a glance
By AstroCore · Realtor.com, US Census and Freddie Mac data
In September 2026, the median home in Minnesota listed for $379,900, down 2.3% from a year earlier.
Homes spent a median of 47 days on the market, slower than 45 days a year ago.
Homeowners in Minnesota pay a median of $3,357 a year in property taxes on a median home value of $329,300, an effective rate of about 1.02%.
Renters pay a median of $1,280 a month, and $1,356 for a two-bedroom. At today's prices a typical home costs about 25 times a year's rent, which generally favors renting over buying in the short term.
With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $380,000 home here comes to about $2,552 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $109,000 a year (the median household here earns $89,062).
Monthly payment on a typical home
$2,552/mo- Principal & interest$2,071
- Property tax$323
- Insurance (est.)$158
$380,000 home · 20% down · 7.24% 30-year fixed
Run your own numbersRents in Minnesota by bedrooms
Studio$1,037
1 bedroom$1,130
2 bedrooms$1,356
3 bedrooms$1,573
4 bedrooms$1,785
Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.
County by county
Every Minnesota county compared
Lowest property tax rates
- Aitkin County0.55%
- Cass County0.56%
- Lake of the Woods County0.66%
- Clearwater County0.67%
- Cook County0.69%
Fastest-selling counties
- Ramsey County38 days
- Washington County38 days
- Anoka County39 days
- Dakota County40 days
- Carver County41 days
| County | Median list price | Days on market | Property tax | Median rent |
|---|---|---|---|---|
| Aitkin County | – | – | 0.55% | $869 |
| Anoka County | $399,900 | 39 | 0.94% | $1,464 |
| Becker County | – | – | 0.69% | $920 |
| Beltrami County | – | – | 0.97% | $1,053 |
| Benton County | – | – | 0.98% | $982 |
| Big Stone County | – | – | 0.87% | $745 |
| Blue Earth County | $336,958 | 59 | 0.98% | $1,123 |
| Brown County | – | – | 1.03% | $890 |
| Carlton County | – | – | 1.17% | $1,009 |
| Carver County | $492,950 | 41 | 0.99% | $1,514 |
| Cass County | – | – | 0.56% | $863 |
| Chippewa County | – | – | 1.10% | $869 |
| Chisago County | $424,975 | 50 | 1.07% | $1,186 |
| Clay County | $336,500 | 54 | 1.13% | $1,019 |
| Clearwater County | – | – | 0.67% | $742 |
| Cook County | – | – | 0.69% | $886 |
| Cottonwood County | – | – | 1.05% | $817 |
| Crow Wing County | $470,000 | 56 | 0.74% | $971 |
| Dakota County | $415,000 | 40 | 0.98% | $1,548 |
| Dodge County | – | – | 1.11% | $1,020 |
| Douglas County | – | – | 0.83% | $927 |
| Faribault County | – | – | 0.99% | $799 |
| Fillmore County | – | – | 0.94% | $797 |
| Freeborn County | – | – | 1.11% | $849 |
| Goodhue County | $365,919 | 68 | 1.05% | $966 |
| Grant County | – | – | 0.93% | $797 |
| Hennepin County | $399,450 | 42 | 1.14% | $1,487 |
| Houston County | – | – | 1.15% | $879 |
| Hubbard County | – | – | 0.78% | $905 |
| Isanti County | – | – | 1.01% | $1,273 |
| Itasca County | – | – | 0.86% | $988 |
| Jackson County | – | – | 0.93% | $787 |
| Kanabec County | – | – | 1.13% | $962 |
| Kandiyohi County | – | – | 1.02% | $909 |
| Kittson County | – | – | 0.92% | $757 |
| Koochiching County | – | – | 0.74% | $671 |
| Lac qui Parle County | – | – | 0.90% | $728 |
| Lake County | – | – | 0.73% | $1,093 |
| Lake of the Woods County | – | – | 0.66% | $955 |
| Le Sueur County | – | – | 1.06% | $942 |
| Lincoln County | – | – | 0.96% | $674 |
| Lyon County | – | – | 1.06% | $781 |
| Mahnomen County | – | – | 0.93% | $696 |
| Marshall County | – | – | 0.80% | $690 |
| Martin County | – | – | 1.02% | $761 |
| McLeod County | – | – | 1.15% | $941 |
| Meeker County | – | – | 0.90% | $904 |
| Mille Lacs County | – | – | 1.04% | $903 |
| Morrison County | – | – | 0.88% | $788 |
| Mower County | – | – | 1.03% | $927 |
| Murray County | – | – | 0.79% | $810 |
| Nicollet County | – | – | 1.13% | $970 |
| Nobles County | – | – | 0.99% | $896 |
| Norman County | – | – | 0.94% | $774 |
| Olmsted County | $398,950 | 60 | 1.06% | $1,370 |
| Otter Tail County | $399,900 | 77 | 0.77% | $868 |
| Pennington County | – | – | 1.26% | $862 |
| Pine County | – | – | 0.86% | $877 |
| Pipestone County | – | – | 0.86% | $754 |
| Polk County | – | – | 1.01% | $855 |
| Pope County | – | – | 0.77% | $902 |
| Ramsey County | $322,450 | 38 | 1.21% | $1,329 |
| Red Lake County | – | – | 1.00% | $583 |
| Redwood County | – | – | 1.00% | $757 |
| Renville County | – | – | 1.04% | $790 |
| Rice County | $427,691 | 50 | 0.97% | $1,083 |
| Rock County | – | – | 0.71% | $698 |
| Roseau County | – | – | 0.97% | $880 |
| Scott County | $499,995 | 46 | 1.01% | $1,568 |
| Sherburne County | $433,675 | 43 | 0.99% | $1,127 |
| Sibley County | – | – | 1.10% | $855 |
| St. Louis County | $332,450 | 57 | 1.03% | $1,013 |
| Stearns County | $333,425 | 48 | 1.00% | $1,068 |
| Steele County | – | – | 1.21% | $1,061 |
| Stevens County | – | – | 0.81% | $951 |
| Swift County | – | – | 0.86% | $920 |
| Todd County | – | – | 0.95% | $908 |
| Traverse County | – | – | 0.99% | $615 |
| Wabasha County | – | – | 1.05% | $830 |
| Wadena County | – | – | 1.04% | $746 |
| Waseca County | – | – | 1.18% | $883 |
| Washington County | $461,498 | 38 | 0.99% | $1,710 |
| Watonwan County | – | – | 1.05% | $834 |
| Wilkin County | – | – | 0.79% | $564 |
| Winona County | $349,675 | 43 | 0.93% | $907 |
| Wright County | $439,925 | 42 | 0.98% | $1,288 |
| Yellow Medicine County | – | – | 1.04% | $678 |
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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole state; individual homes vary. For information only.