The most affordable cities to buy a house in Minnesota (2026)
Every Minnesota city over 10,000 residents, ranked by the gross household income it takes to buy the typical home: 20% down at 7.03% (30-yr fixed), including Minnesota property tax and insurance. Data through 2026-08.
- Hibbing — typical home $165K, income to buy about $48,000/yr
- Fairmont — typical home $171K, income to buy about $50,000/yr
- Albert Lea — typical home $183K, income to buy about $53,000/yr
- Austin — typical home $191K, income to buy about $56,000/yr
- Fergus Falls — typical home $205K, income to buy about $60,000/yr
- Bemidji — typical home $220K, income to buy about $64,000/yr
- Marshall — typical home $242K, income to buy about $71,000/yr
- Willmar — typical home $243K, income to buy about $71,000/yr
- Worthington — typical home $249K, income to buy about $73,000/yr
- New Ulm — typical home $255K, income to buy about $74,000/yr
- Winona — typical home $262K, income to buy about $76,000/yr
- Cloquet — typical home $266K, income to buy about $78,000/yr
- Grand Rapids — typical home $283K, income to buy about $83,000/yr
- Red Wing — typical home $284K, income to buy about $83,000/yr
- Moorhead — typical home $289K, income to buy about $84,000/yr
- Alexandria — typical home $298K, income to buy about $87,000/yr
- Brooklyn Center — typical home $298K, income to buy about $87,000/yr
- Duluth — typical home $298K, income to buy about $87,000/yr
- Owatonna — typical home $299K, income to buy about $87,000/yr
- Columbia Heights — typical home $299K, income to buy about $87,000/yr
- Hutchinson — typical home $300K, income to buy about $87,000/yr
- Sauk Rapids — typical home $304K, income to buy about $89,000/yr
- Mankato — typical home $305K, income to buy about $89,000/yr
- Faribault — typical home $305K, income to buy about $89,000/yr
- North Mankato — typical home $314K, income to buy about $92,000/yr
At the other end, Minnesota's priciest markets: Lake Elmo ($186,000/yr), Edina ($183,000/yr), Victoria ($181,000/yr), Mendota Heights ($167,000/yr), Chanhassen ($164,000/yr).
"Income to buy" holds the typical home's payment inside the 28% lender guideline. Your own verdict depends on savings and debts — open any city and run your numbers, or see the whole country on the affordability map.
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