The typical owner-occupied home in Blackduck is worth about $96,900, 71% below the Minnesota median of $329,300 and 71% below the national median of $332,700. Owners pay a median $1,362 a year in property taxes, about 1.41% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $36,447 a year, so the median home costs 2.7 times the median income (3.7 times for Minnesota). 50% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Blackduck at a glance
| Blackduck | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $96,900 | $329,300 | $332,700 |
| Median property tax paid per year | $1,362 | $3,357 | $3,119 |
| Property tax as a share of value | 1.41% | 1.02% | 0.94% |
| Median household income | $36,447 | $89,062 | $80,734 |
| Homes lived in by their owners | 50% | 72% | 65% |
| Owner homes with a mortgage | 50% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,174 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.7% | 21.0% |
| Median rent | $749 | $1,280 | $1,413 |
| Rent as a share of renters' income | 31.9% | 29.2% | 30.6% |
| Median year homes were built | 1981 | 1979 | 1980 |
| Vacant homes | 21.0% | 9.3% | 10.1% |
| Population | 699 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Blackduck
At this week's average 30-year rate of 7.11%, buying the median Blackduck home of $96,900 with 20% down costs about $676 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $837, 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 $28,959 for the 20%-down payment. That payment is 22% of the median Blackduck household income of $36,447; at that income and 20% down, the 28% guideline points to a home of about $122,000.
The median rent here is $749 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,380 |
|---|---|
| Loan amount | $77,520 |
| Principal and interest | $521 |
| Property taxes (1.41% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $676 |
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| Down payment | $3,392 |
|---|---|
| Loan amount | $95,145 |
| Principal and interest | $640 |
| Property taxes (1.41% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $837 |
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Questions about home buying in Blackduck
What is the median home value in Blackduck?
About $96,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Blackduck?
Homeowners pay a median $1,362 a year, which is about 1.41% 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 Blackduck?
For the median home with 20% down at 7.11%, the payment is about $676 a month. Keeping that under 28% of gross income takes about $28,959 a year.
More about Blackduck
- Mortgage Refinance in Blackduck
- Debt Relief in Blackduck
- Home Equity Loans in Blackduck
- 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