Ranked from ACS 2023 5-Year
Cheapest Counties to Own a Home Outright in Minnesota
Paying off a mortgage does not end the cost of a house. This ranks counties by what the median home still costs every month with no loan at all: property tax, insurance, electricity, water and maintenance. Nowhere in America is it zero.
Where does yours land?
Every county in America is somewhere on this scale, including the one you live in.
Minnesota ranked
| # | County | Monthly if paid off | Median home | Effective rate |
|---|---|---|---|---|
| 1 | Traverse County | $421 | $110,100 | 0.972% |
| 2 | Pipestone County | $449 | $126,700 | 0.911% |
| 3 | Faribault County | $450 | $120,200 | 1.051% |
| 4 | Big Stone County | $462 | $135,700 | 0.861% |
| 5 | Kittson County | $465 | $134,400 | 0.916% |
| 6 | Koochiching County | $470 | $143,700 | 0.799% |
| 7 | Norman County | $476 | $135,700 | 0.988% |
| 8 | Swift County | $484 | $147,100 | 0.855% |
| 9 | Jackson County | $487 | $145,400 | 0.914% |
| 10 | Lac qui Parle County | $487 | $143,400 | 0.948% |
| 11 | Marshall County | $492 | $153,300 | 0.829% |
| 12 | Mahnomen County | $497 | $146,500 | 0.974% |
| 13 | Redwood County | $503 | $150,400 | 0.960% |
| 14 | Lincoln County | $508 | $152,200 | 0.971% |
| 15 | Yellow Medicine County | $509 | $148,200 | 1.043% |
| 16 | Chippewa County | $510 | $149,000 | 1.041% |
| 17 | Renville County | $513 | $151,900 | 1.016% |
| 18 | Watonwan County | $514 | $151,600 | 1.027% |
| 19 | Red Lake County | $517 | $157,200 | 0.959% |
| 20 | Wilkin County | $520 | $172,300 | 0.760% |
| 21 | Martin County | $522 | $158,800 | 0.974% |
| 22 | Clearwater County | $525 | $177,100 | 0.732% |
| 23 | Cottonwood County | $532 | $154,000 | 1.128% |
| 24 | Murray County | $534 | $179,400 | 0.765% |
| 25 | Stevens County | $543 | $180,800 | 0.807% |
| 26 | Freeborn County | $547 | $164,900 | 1.061% |
| 27 | Roseau County | $554 | $177,100 | 0.928% |
| 28 | Wadena County | $556 | $170,500 | 1.040% |
| 29 | Grant County | $558 | $178,600 | 0.939% |
| 30 | Nobles County | $559 | $179,200 | 0.934% |
| 31 | Mower County | $562 | $172,000 | 1.058% |
| 32 | Rock County | $569 | $201,600 | 0.720% |
| 33 | Brown County | $580 | $181,700 | 1.040% |
| 34 | Todd County | $587 | $188,400 | 0.995% |
| 35 | Lake of the Woods County | $591 | $215,000 | 0.707% |
| 36 | Aitkin County | $602 | $235,100 | 0.573% |
| 37 | Lyon County | $605 | $193,100 | 1.047% |
| 38 | Fillmore County | $612 | $204,000 | 0.947% |
| 39 | Lake County | $614 | $222,900 | 0.751% |
| 40 | Itasca County | $615 | $212,000 | 0.873% |
| 41 | Pennington County | $623 | $188,900 | 1.218% |
| 42 | St. Louis County | $635 | $208,500 | 1.027% |
| 43 | Polk County | $636 | $211,100 | 0.999% |
| 44 | Pine County | $643 | $225,600 | 0.875% |
| 45 | Winona County | $650 | $222,900 | 0.942% |
| 46 | Cass County | $651 | $262,300 | 0.576% |
| 47 | Beltrami County | $659 | $222,300 | 0.996% |
| 48 | Pope County | $660 | $242,800 | 0.789% |
| 49 | Sibley County | $662 | $215,000 | 1.100% |
| 50 | Meeker County | $662 | $228,900 | 0.943% |
| 51 | Morrison County | $672 | $237,000 | 0.909% |
| 52 | Waseca County | $674 | $213,200 | 1.190% |
| 53 | Kandiyohi County | $675 | $230,500 | 0.994% |
| 54 | Otter Tail County | $676 | $252,500 | 0.779% |
| 55 | Kanabec County | $678 | $221,100 | 1.114% |
| 56 | Hubbard County | $691 | $255,900 | 0.816% |
| 57 | Becker County | $693 | $266,900 | 0.731% |
| 58 | Houston County | $698 | $226,300 | 1.163% |
| 59 | Mille Lacs County | $700 | $237,500 | 1.042% |
| 60 | Carlton County | $712 | $232,000 | 1.169% |
| 61 | McLeod County | $714 | $233,400 | 1.160% |
| 62 | Benton County | $717 | $247,100 | 1.025% |
| 63 | Blue Earth County | $720 | $252,800 | 0.984% |
| 64 | Crow Wing County | $720 | $274,400 | 0.788% |
| 65 | Steele County | $724 | $234,200 | 1.206% |
| 66 | Wabasha County | $727 | $245,800 | 1.088% |
| 67 | Stearns County | $735 | $256,500 | 1.020% |
| 68 | Clay County | $755 | $256,000 | 1.115% |
| 69 | Cook County | $758 | $294,000 | 0.790% |
| 70 | Nicollet County | $761 | $258,500 | 1.117% |
| 71 | Douglas County | $772 | $291,700 | 0.863% |
| 72 | Goodhue County | $773 | $269,400 | 1.064% |
| 73 | Dodge County | $773 | $267,500 | 1.085% |
| 74 | Isanti County | $797 | $283,200 | 1.042% |
| 75 | Rice County | $812 | $298,500 | 0.971% |
| 76 | Le Sueur County | $817 | $287,700 | 1.084% |
| 77 | Olmsted County | $854 | $304,500 | 1.088% |
| 78 | Anoka County | $863 | $325,800 | 0.951% |
| 79 | Sherburne County | $890 | $332,700 | 0.995% |
| 80 | Wright County | $891 | $332,800 | 0.997% |
| 81 | Ramsey County | $892 | $304,900 | 1.235% |
| 82 | Chisago County | $912 | $326,600 | 1.123% |
| 83 | Dakota County | $952 | $362,100 | 0.997% |
| 84 | Hennepin County | $1,031 | $376,500 | 1.152% |
| 85 | Washington County | $1,035 | $400,900 | 1.001% |
| 86 | Scott County | $1,041 | $393,500 | 1.066% |
| 87 | Carver County | $1,098 | $426,900 | 1.026% |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Cheapest Counties to Own a Home Outright across all 3,133 US counties · Every county in Minnesota