Mortgage Rates in Minnesota — March 2026
Compare current mortgage rates across 75 cities in Minnesota. The average 30-year fixed rate is 6.73%, which is 0.08% above the national average of 6.65%.
Minnesota Housing Highlights
All 75 Cities in Minnesota
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Minneapolis | 6.69% | $325,000 | $1,676 | 429,954 |
| Saint Paul | 6.69% | $285,000 | $1,470 | 311,527 |
| Rochester | 6.69% | $295,000 | $1,521 | 121,395 |
| Duluth | 6.69% | $225,000 | $1,160 | 90,880 |
| Bloomington | 6.69% | $315,000 | $1,624 | 89,987 |
| Brooklyn Park | 6.69% | $295,000 | $1,521 | 86,478 |
| Plymouth | 6.74% | $319,000 | $1,654 | 81,026 |
| Maple Grove | 6.84% | $341,000 | $1,786 | 76,853 |
| Woodbury | 6.87% | $318,000 | $1,670 | 75,102 |
| St. Cloud | 6.81% | $326,000 | $1,702 | 70,243 |
| Blaine | 6.64% | $286,000 | $1,467 | 70,222 |
| Lakeville | 6.8% | $306,000 | $1,596 | 69,490 |
| Eagan | 6.73% | $289,000 | $1,496 | 68,010 |
| Eden Prairie | 6.76% | $324,000 | $1,683 | 64,198 |
| Coon Rapids | 6.83% | $325,000 | $1,700 | 63,975 |
| Burnsville | 6.83% | $306,000 | $1,601 | 62,500 |
| Apple Valley | 6.76% | $355,000 | $1,844 | 55,135 |
| Minnetonka | 6.83% | $334,000 | $1,747 | 53,781 |
| Edina | 6.64% | $347,000 | $1,780 | 53,494 |
| St. Louis Park | 6.72% | $306,000 | $1,583 | 50,010 |
| Moorhead | 6.84% | $313,000 | $1,639 | 44,505 |
| Mankato | 6.63% | $297,000 | $1,522 | 44,488 |
| Shakopee | 6.8% | $289,000 | $1,507 | 44,091 |
| Maplewood | 6.83% | $290,000 | $1,517 | 41,008 |
| Inver Grove Heights | 6.74% | $318,000 | $1,648 | 37,880 |
| Cottage Grove | 6.67% | $308,000 | $1,585 | 37,400 |
| Roseville | 6.76% | $289,000 | $1,501 | 36,600 |
| Richfield | 6.87% | $302,000 | $1,586 | 36,396 |
| Andover | 6.81% | $277,000 | $1,446 | 35,413 |
| Savage | 6.63% | $269,000 | $1,379 | 32,800 |
| Brooklyn Center | 6.7% | $322,000 | $1,662 | 31,954 |
| Fridley | 6.7% | $330,000 | $1,704 | 28,702 |
| Chaska | 6.72% | $297,000 | $1,536 | 28,259 |
| Ramsey | 6.77% | $301,000 | $1,565 | 28,252 |
| Oakdale | 6.69% | $264,000 | $1,361 | 28,185 |
| Chanhassen | 6.78% | $302,000 | $1,572 | 27,880 |
| Prior Lake | 6.82% | $295,000 | $1,542 | 27,590 |
| Rosemount | 6.74% | $277,000 | $1,436 | 27,427 |
| Shoreview | 6.67% | $273,000 | $1,405 | 27,076 |
| Winona | 6.75% | $185,000 | $960 | 26,367 |
| Owatonna | 6.65% | $279,000 | $1,433 | 25,599 |
| Elk River | 6.87% | $319,000 | $1,676 | 25,550 |
| White Bear Lake | 6.67% | $330,000 | $1,698 | 25,321 |
| Austin | 6.45% | $145,000 | $730 | 25,180 |
| Champlin | 6.61% | $295,000 | $1,509 | 24,940 |
| Faribault | 6.72% | $254,000 | $1,314 | 24,062 |
| Farmington | 6.69% | $296,000 | $1,526 | 23,786 |
| Crystal | 6.61% | $251,000 | $1,284 | 23,295 |
| Hastings | 6.7% | $254,000 | $1,311 | 22,848 |
| New Brighton | 6.85% | $288,000 | $1,510 | 22,693 |
| Lino Lakes | 6.71% | $271,000 | $1,400 | 22,610 |
| Golden Valley | 6.8% | $264,000 | $1,377 | 22,552 |
| New Hope | 6.83% | $314,000 | $1,643 | 21,583 |
| Columbia Heights | 6.82% | $294,000 | $1,536 | 21,076 |
| Northfield | 6.61% | $306,000 | $1,565 | 20,889 |
| Forest Lake | 6.72% | $289,000 | $1,495 | 20,776 |
| Willmar | 6.77% | $292,000 | $1,518 | 20,495 |
| Stillwater | 6.71% | $290,000 | $1,499 | 20,059 |
| Hopkins | 6.73% | $294,000 | $1,522 | 18,929 |
| Buffalo | 6.67% | $273,000 | $1,405 | 18,143 |
| Albert Lea | 6.64% | $252,000 | $1,293 | 18,016 |
| Red Wing | 6.84% | $301,000 | $1,576 | 16,600 |
| Bemidji | 6.63% | $311,000 | $1,594 | 16,069 |
| Monticello | 6.77% | $298,000 | $1,549 | 15,287 |
| Brainerd | 6.65% | $310,000 | $1,592 | 14,395 |
| Hutchinson | 6.6% | $272,000 | $1,390 | 14,178 |
| Alexandria | 6.64% | $310,000 | $1,590 | 14,142 |
| Fergus Falls | 6.65% | $312,000 | $1,602 | 14,003 |
| Marshall | 6.62% | $291,000 | $1,490 | 13,680 |
| New Ulm | 6.73% | $274,000 | $1,419 | 13,522 |
| Waconia | 6.74% | $282,000 | $1,462 | 13,000 |
| Detroit Lakes | 6.74% | $268,000 | $1,389 | 9,372 |
| Little Falls | 6.6% | $279,000 | $1,425 | 8,777 |
| East Grand Forks | 6.87% | $248,000 | $1,303 | 8,601 |
| Thief River Falls | 6.82% | $276,000 | $1,442 | 8,573 |
Minnesota Mortgage Rates Guide — 2026
Minnesota homebuyers currently see an average 30-year fixed mortgage rate of 6.73%, with median home prices around $292,027. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,512.
The most affordable city for homebuyers in Minnesota is Austin, where the median home price is $145,000. On the other end, Apple Valley has the highest prices at $355,000. Property tax rates across the state average 1.12%.
To comfortably afford a home at the state average price, a household income of approximately $64,800 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — Minnesota Mortgages
What are current mortgage rates in Minnesota?
As of March 2026, the average 30-year fixed mortgage rate in Minnesota is 6.73% and the 15-year fixed rate averages 5.97%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Minnesota?
The median home price across 75 cities in Minnesota is $292,027. Prices range from $145,000 in Austin to $355,000 in Apple Valley.
How much income do I need to buy a house in Minnesota?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $64,800 to comfortably afford the average home in Minnesota. The median household income in the state is approximately $69,727.
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