Housing affordability index in Minnesota

Housing affordability index in Minnesota: puts one number on the housing question: 21% of the state's median household income goes to principal and interest on a median-priced home at today's rate.

30-year fixed rate used: 6.76% (observed 2026-09-10, FRED MORTGAGE30US).

Share of income

21%

principal + interest

Monthly payment

$1,508

on a $290,299 home

Median income

$86,197

households, ACS 5-year

Housing affordability index in Minnesota: counties ranked, least affordable first
RankCountyShare of incomeMonthly P&I
1Cook County25.1%$1,504
2Aitkin County24.5%$1,154
3Cass County24.2%$1,252
4Hennepin County24.1%$1,859
5Douglas County23.9%$1,443
6Crow Wing County23.2%$1,274
7Ramsey County23.1%$1,503
8Hubbard County22.8%$1,275
9Becker County22.7%$1,296
10Rice County22.3%$1,453
11Carver County21.5%$2,080
12Otter Tail County21.5%$1,216
13Washington County21.3%$1,970
14Blue Earth County21%$1,242
15Dakota County21%$1,772
16Morrison County20.8%$1,146
17Lake of the Woods County20.6%$1,061
18Stearns County20.6%$1,252
19Beltrami County20.4%$1,059
20Benton County20.3%$1,191
21Mille Lacs County20.3%$1,149
22Goodhue County20.2%$1,322
23Clay County20.1%$1,254
24Pine County19.8%$1,076
25Pope County19.8%$1,173
26Scott County19.8%$1,953
27Anoka County19.7%$1,570
28Olmsted County19.7%$1,483
29Isanti County19.5%$1,363
30Le Sueur County19.4%$1,412
31Itasca County19.3%$1,031
32Chisago County19.2%$1,557
33Sherburne County19.2%$1,589
34Winona County19.2%$1,057
35Wabasha County19.1%$1,197
36Nicollet County19%$1,250
37Houston County18.8%$1,124
38Wright County18.8%$1,615
39Kanabec County18.6%$1,067
40Wadena County18.6%$849
41Kandiyohi County18.3%$1,115
42Polk County18.3%$1,063
43Carlton County18.2%$1,132
44McLeod County18.2%$1,113
45St. Louis County18.1%$1,002
46Meeker County17.8%$1,126
47Todd County17.1%$900
48Lake County17%$1,043
49Steele County17%$1,128
50Fillmore County16.7%$1,019
51Waseca County16.6%$996
52Dodge County16.5%$1,277
53Sibley County16.4%$1,021
54Clearwater County16.1%$840
55Lyon County16.1%$922
56Nobles County15.9%$836
57Mahnomen County15.7%$690
58Rock County15.7%$982
59Wilkin County15.7%$878
60Brown County15.4%$858
61Stevens County15.3%$887
62Pennington County15.1%$903
63Martin County15%$769
64Grant County14.9%$837
65Freeborn County14.7%$804
66Mower County14.7%$821
67Roseau County14.6%$853
68Murray County14.3%$849
69Swift County14.1%$688
70Chippewa County13.9%$721
71Cottonwood County13.9%$735
72Koochiching County13.8%$687
73Lincoln County13.4%$725
74Redwood County13.2%$720
75Renville County13%$718
76Jackson County12.8%$730
77Yellow Medicine County12.8%$755
78Marshall County12.7%$732
79Red Lake County12.7%$783
80Norman County12.3%$672
81Lac qui Parle County11.8%$661
82Kittson County11.5%$634
83Pipestone County11.5%$657
84Big Stone County11.4%$597
85Watonwan County11.4%$619
86Faribault County11.3%$603
87Traverse County10.7%$568

Methodology

Every county figure for Minnesota uses the county's own median home value and median household income from the Census American Community Survey 5-year estimates, a 20% deposit, and the current 30-year fixed rate from FRED (MORTGAGE30US) amortised over 30 years.

The share shown is annualised principal and interest divided by median household income. Property tax, insurance and HOA dues are excluded so the comparison between counties stays like-for-like.

Counties without both a published home value and a published income are left out entirely rather than filled with an estimate, so the table is shorter than the county list in some states.

Sources: FRED series MORTGAGE30US, Freddie Mac Primary Mortgage Market Survey; U.S. Census Bureau, American Community Survey 5-year estimates. American Community Survey 5-year estimates, 2022.