The typical owner-occupied home in Aitkin County is worth about $255,800, 22% below the Minnesota median of $329,300 and 23% below the national median of $332,700. Owners pay a median $1,407 a year in property taxes, about 0.55% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $60,833 a year, so the median home costs 4.2 times the median income (3.7 times for Minnesota). 85% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Aitkin County at a glance
| Aitkin County | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $255,800 | $329,300 | $332,700 |
| Median property tax paid per year | $1,407 | $3,357 | $3,119 |
| Property tax as a share of value | 0.55% | 1.02% | 0.94% |
| Median household income | $60,833 | $89,062 | $80,734 |
| Homes lived in by their owners | 85% | 72% | 65% |
| Owner homes with a mortgage | 45% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,507 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 22.9% | 19.7% | 21.0% |
| Median rent | $869 | $1,280 | $1,413 |
| Rent as a share of renters' income | 29.3% | 29.2% | 30.6% |
| Median year homes were built | 1982 | 1979 | 1980 |
| Vacant homes | 49.3% | 9.3% | 10.1% |
| Population | 16,056 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Aitkin County
At this week's average 30-year rate of 7.11%, buying the median Aitkin County home of $255,800 with 20% down costs about $1,600 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,027, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $68,591 for the 20%-down payment. That payment is 32% of the median Aitkin County household income of $60,833; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $869 a month, so owning the median home costs about $731 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $51,160 |
|---|---|
| Loan amount | $204,640 |
| Principal and interest | $1,377 |
| Property taxes (0.55% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| PMI | $0 |
| Total per month | $1,600 |
Change the numbers in the calculator
| Down payment | $8,953 |
|---|---|
| Loan amount | $251,167 |
| Principal and interest | $1,690 |
| Property taxes (0.55% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| FHA mortgage insurance | $113 |
| Total per month | $2,027 |
Change the numbers in the calculator
Questions about home buying in Aitkin County
What is the median home value in Aitkin County?
About $255,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Aitkin County?
Homeowners pay a median $1,407 a year, which is about 0.55% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Aitkin County?
For the median home with 20% down at 7.11%, the payment is about $1,600 a month. Keeping that under 28% of gross income takes about $68,591 a year.
More about Aitkin County
- Mortgage Refinance in Aitkin County
- Debt Relief in Aitkin County
- Home Equity Loans in Aitkin County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data