Average mortgage payment in Hennepin County, MN (2026)
The average mortgage payment in Hennepin County on a median-priced home (~$420,000) is roughly $3,341/month — assuming 10% down at a 6.85% 30-year fixed rate and Minnesota's 1.12% effective property tax rate (full PITI).
To carry that payment under the standard 28% front-end DTI rule, you'd need an annual household income near $143,181. County population is roughly 1,281,565.
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How Hennepin County compares to Minnesota
The typical home in Hennepin County is 29% above the statewide median of $325,000 in Minnesota. Property tax is set at the state's effective rate of 1.12% — local millage and special assessments vary by county, but this is the right starting point.
The payment above bakes in principal, interest, property tax, and homeowners insurance — it does not include HOA dues or mortgage insurance (PMI). PMI kicks in automatically when down payment is below 20% on a conventional loan. For a full breakdown, run your own numbers in the main calculator.
Frequently asked questions
What is the average mortgage payment in Hennepin County?+
On a median Hennepin County home (~$420,000) at a 6.85% 30-year fixed rate with 10% down, all-in PITI runs about $3,341/month, including ~$392 in property tax.
What income do I need to buy a home in Hennepin County?+
Using the 28% front-end DTI rule, you'd need roughly $143,181 in annual gross household income to comfortably carry the median Hennepin County home.
How does Hennepin County compare to the rest of Minnesota?+
Hennepin County's median home ($420,000) is 29% above the Minnesota median of $325,000.
Does this include HOA fees or PMI?+
No. HOA dues vary too widely to assume a default — add them directly to the payment. PMI applies when you put less than 20% down on a conventional loan; the main calculator factors it in automatically.