Mortgage Rates in Minnesota — April 2026
Compare current mortgage rates across 89 cities in Minnesota. The average 30-year fixed rate is 6.72%, which is 0.63% above the national average of 6.09%.
Minnesota Housing Highlights
All 89 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% | $508,000 | $2,658 | 53,781 |
| Edina | 6.64% | $347,000 | $1,780 | 53,494 |
| St. Louis Park | 6.72% | $306,000 | $1,583 | 50,010 |
| Zumbrota | 6.64% | $315,000 | $1,616 | 49,395 |
| 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 |
| Sleepy Eye | 6.76% | $335,000 | $1,740 | 37,777 |
| Cottage Grove | 6.67% | $308,000 | $1,585 | 37,400 |
| Wells | 6.74% | $325,000 | $1,685 | 37,364 |
| 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 |
| Jackson | 6.6% | $295,000 | $1,507 | 34,442 |
| Savage | 6.63% | $269,000 | $1,379 | 32,800 |
| Brooklyn Center | 6.7% | $322,000 | $1,662 | 31,954 |
| Rogers | 6.67% | $275,000 | $1,415 | 31,811 |
| Melrose | 6.77% | $415,000 | $2,158 | 29,020 |
| Fridley | 6.7% | $330,000 | $1,704 | 28,702 |
| Ely | 6.64% | $205,000 | $1,052 | 28,349 |
| 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 |
| Jordan | 6.67% | $305,000 | $1,570 | 22,867 |
| 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 |
| Mound | 6.79% | $330,000 | $1,719 | 21,710 |
| New Hope | 6.83% | $314,000 | $1,643 | 21,583 |
| Fairmont | 6.89% | $220,000 | $1,158 | 21,414 |
| Columbia Heights | 6.82% | $294,000 | $1,536 | 21,076 |
| Staples | 6.64% | $270,000 | $1,385 | 20,934 |
| Northfield | 6.61% | $306,000 | $1,565 | 20,889 |
| Forest Lake | 6.72% | $289,000 | $1,495 | 20,776 |
| St. Francis | 6.71% | $305,000 | $1,576 | 20,594 |
| 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 |
| Blue Earth | 6.61% | $285,000 | $1,458 | 18,438 |
| 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 |
| Waite Park | 6.68% | $247,000 | $1,272 | 8,089 |
Minnesota Mortgage Rates Guide — 2026
Minnesota homebuyers currently see an average 30-year fixed mortgage rate of 6.72%, with median home prices around $294,416. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,524.
The most affordable city for homebuyers in Minnesota is Austin, where the median home price is $145,000. On the other end, Minnetonka has the highest prices at $508,000. Property tax rates across the state average 1.12%.
To comfortably afford a home at the state average price, a household income of approximately $65,314 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 April 2026, the average 30-year fixed mortgage rate in Minnesota is 6.72% 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 89 cities in Minnesota is $294,416. Prices range from $145,000 in Austin to $508,000 in Minnetonka.
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 $65,314 to comfortably afford the average home in Minnesota. The median household income in the state is approximately $70,040.
Minnesota Mortgage Rates by ZIP Code
Explore mortgage rates for specific ZIP codes in Minnesota. Rates can vary by neighborhood based on local property values and lending conditions.
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