The typical owner-occupied home in Bethel is worth about $267,800, 19% below the Minnesota median of $329,300 and 20% below the national median of $332,700. Owners pay a median $2,422 a year in property taxes, about 0.90% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $89,904 a year, so the median home costs 3.0 times the median income (3.7 times for Minnesota). 86% of occupied homes here are lived in by their owners, and 89% of those owners still have a mortgage.
Bethel at a glance
| Bethel | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $267,800 | $329,300 | $332,700 |
| Median property tax paid per year | $2,422 | $3,357 | $3,119 |
| Property tax as a share of value | 0.90% | 1.02% | 0.94% |
| Median household income | $89,904 | $89,062 | $80,734 |
| Homes lived in by their owners | 86% | 72% | 65% |
| Owner homes with a mortgage | 89% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,564 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 19.7% | 21.0% |
| Median rent | $1,000 | $1,280 | $1,413 |
| Rent as a share of renters' income | 32.5% | 29.2% | 30.6% |
| Median year homes were built | 1984 | 1979 | 1980 |
| Vacant homes | 0.0% | 9.3% | 10.1% |
| Population | 474 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Bethel
At this week's average 30-year rate of 7.11%, buying the median Bethel home of $267,800 with 20% down costs about $1,754 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,200, 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 $75,156 for the 20%-down payment. That payment is 23% of the median Bethel household income of $89,904; at that income and 20% down, the 28% guideline points to a home of about $320,000.
The median rent here is $1,000 a month, so owning the median home costs about $754 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $53,560 |
|---|---|
| Loan amount | $214,240 |
| Principal and interest | $1,441 |
| Property taxes (0.90% a year) | $201 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,754 |
Change the numbers in the calculator
| Down payment | $9,373 |
|---|---|
| Loan amount | $262,949 |
| Principal and interest | $1,769 |
| Property taxes (0.90% a year) | $201 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $118 |
| Total per month | $2,200 |
Change the numbers in the calculator
Questions about home buying in Bethel
What is the median home value in Bethel?
About $267,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bethel?
Homeowners pay a median $2,422 a year, which is about 0.90% 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 Bethel?
For the median home with 20% down at 7.11%, the payment is about $1,754 a month. Keeping that under 28% of gross income takes about $75,156 a year.
More about Bethel
- Mortgage Refinance in Bethel
- Debt Relief in Bethel
- Home Equity Loans in Bethel
- 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