TrueAffordHome Affordability by State
What can you afford in Minnesota?
A baseline estimate for a household earning $90,000 a year gross, with typical debts and expenses, a $30,000 down payment, and a 740-759 credit score — using Minnesota's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
Minnesota's effective property tax rate is around 1.00% of home value per year — the 17th highest in the country. Average homeowner's insurance runs near $2,688/year on a $300,000 home — the 18th highest.
Comfortable
$245,005
Stretch
$305,404
Risky ceiling
$341,119
A lender would likely approve up to $341,119 on this baseline in Minnesota — but this household's own budget, once real expenses are counted, can only sustain $305,404. That $35,715 gap is exactly the kind of overreach this calculator exists to flag before it becomes a monthly deficit.
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