How much do homeowners pay a month in Minnesota Falls Township, MN?
Homeowners with a mortgage in Minnesota Falls Township, MN pay a median of $1,591 (±$237) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $605 (±$93).
30.7% of owned homes carry a mortgage.
In Minnesota Falls Township, the median monthly cost with a mortgage went from $1,156 in 2015–2019 to $1,591 in 2020–2024 (+37.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,591 (±$237)
- Without a mortgage
- $605 (±$93)
- Owned with a mortgage
- 30.7%
Monthly owner costs in Minnesota Falls Township
| Minnesota Falls Township | Yellow Medicine County | Minnesota | United States | |
|---|---|---|---|---|
| With a mortgage | $1,591 (±$237) | $1,389 (±$41) | $1,947 (±$7) | $1,963 |
| Without a mortgage | $605 (±$93) | $586 (±$23) | $698 (±$3) | $638 |
| Owned homes with a mortgage | 30.7% (±11.3 points) | 45.9% (±2.5 points) | 64.0% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,630 (±$369) | $1,606 (±$110) | $3,357 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Minnesota Falls Township, the median cost with a mortgage is not measurably different from Yellow Medicine County ($1,389).
It is also lower than in Minnesota ($1,947).
It is lower than the national figure ($1,963).
In Yellow Medicine County, Minnesota Falls Township ranks 12 of 27 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1486 of 2,496.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Minnesota Falls Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,156 (±$98) | $1,591 (±$237) | +37.6% | No measurable change after inflation |
| Median real estate taxes | $1,391 (±$291) | $1,630 (±$369) | +17.2% | No measurable change after inflation |
| Median home value | $138,400 (±$25,478) | $158,300 (±$32,353) | +14.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Minnesota Falls Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Minnesota Falls Township | — | $1,591 (±$237) | — |
| Granite Falls | 3.8 mi | $1,377 (±$71) | Not measurably different |
| Wood Lake Township | 5.2 mi | $1,458 (±$423) | Not measurably different |
| Hanley Falls | 5.3 mi | $1,363 (±$53) | Not measurably different |
| Hazel Run Township | 5.4 mi | $1,614 (±$95) | Not measurably different |
| Granite Falls Township | 6.9 mi | $1,625 (±$93) | Not measurably different |
| Hawk Creek Township | 7.0 mi | $1,375 (±$214) | Not measurably different |
| Wood Lake | 7.1 mi | $1,043 (±$72) | Lower |
| Stony Run Township | 7.9 mi | $1,733 (±$433) | Not measurably different |
Nearby places with a measurably lower figure: Wood Lake, MN ($1,043).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Yellow Medicine County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 6 | Norman Township (Yellow Medicine County) | $1,875 (±$621) |
| 7 | Burton Township | $1,741 (±$780) |
| 8 | Stony Run Township | $1,733 (±$433) |
| 9 | Posen Township | $1,680 (±$52) |
| 10 | Sioux Agency Township | $1,625 (±$427) |
| 11 | Hazel Run Township | $1,614 (±$95) |
| 12 | Minnesota Falls Township | $1,591 (±$237) |
| 13 | Normania Township | $1,554 (±$189) |
| 14 (tie) | Hammer Township | $1,500 (±$1,192) |
| 14 (tie) | Wergeland Township | $1,500 (±$230) |
| 16 | Wood Lake Township | $1,458 (±$423) |
| 17 | Friendship Township | $1,403 (±$171) |
| 18 | Granite Falls | $1,377 (±$71) |
Showing 13 of 27 places in Yellow Medicine County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Minnesota Falls Township
What is the average mortgage payment in Minnesota Falls Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Minnesota Falls Township, MN is $1,591 (±$237) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Minnesota Falls Township?
Owners without a mortgage in Minnesota Falls Township pay a median of $605 (±$93) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Minnesota Falls Township gone up?
In Minnesota Falls Township, the median monthly cost with a mortgage went from $1,156 in 2015–2019 to $1,591 in 2020–2024 (+37.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Minnesota Falls township, Yellow Medicine County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Minnesota Falls township, Yellow Medicine County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Minnesota Falls township, Yellow Medicine County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Minnesota Falls township, Yellow Medicine County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Minnesota Falls township, Yellow Medicine County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Minnesota Falls township, Yellow Medicine County, Minnesota (county subdivision:43180, in state:27 county:173).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Minnesota Falls Township at a glance
- Income and affordability in Minnesota Falls Township
- Home values in Minnesota Falls Township
- Property taxes in Minnesota Falls Township
- Types of homes in Minnesota Falls Township
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- Age of homes in Minnesota Falls Township
- Heating fuel in Minnesota Falls Township
- Minnesota landlord and tenant rules
- Housing across Yellow Medicine County
- Housing data for every place in Minnesota