Calculate using real Minneapolis data. Median home price: $320,000. Property tax rate: 1.2%.
The median home price in Minneapolis, MN is $320,000. With a 20% down payment, you would need $64,000 down and finance $256,000.
Based on the median home price of $320,000 with 20% down at a 6.5% rate, the estimated monthly payment (principal & interest) is approximately $1,618.
The median household income in Minneapolis, MN is $64,044, which impacts how much home you can afford.