Minnesota Mortgage Calculator
Calculate your mortgage payment in Minnesota. Pre-filled with MN median home price ($330,000), property tax rate (1.02%), and local insurance costs.
Minnesota at a Glance
$330,000
Median Home Price
1.02%
Property Tax Rate
$1,800
Avg Home Insurance
$472,030
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Mortgage Calculator in Minnesota
The median home price in Minnesota is $330,000, which is 21% below the national average of $420,000. Minnesota's effective property tax rate of 1.02% is 0.08 percentage points lower than the national average of 1.1%.
| Metric | Minnesota (MN) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $330,000 | $420,000 | -21% |
| Property Tax Rate | 1.02% | 1.1% | -0.08% |
| Home Insurance (Annual) | $1,800 | $2,300 | -22% |
| State Sales Tax | 6.875% | 5% | +1.9% |
| FHA Loan Limit | $472,030 | $472,030 | Standard |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
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