The typical owner-occupied home in Esko is worth about $318,800, 3% below the Minnesota median of $329,300 and 4% below the national median of $332,700. Owners pay a median $3,375 a year in property taxes, about 1.06% of their home's value, close to the Minnesota rate of 1.02%. The median household earns $109,063 a year, so the median home costs 2.9 times the median income (3.7 times for Minnesota). 87% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Esko at a glance
| Esko | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $318,800 | $329,300 | $332,700 |
| Median property tax paid per year | $3,375 | $3,357 | $3,119 |
| Property tax as a share of value | 1.06% | 1.02% | 0.94% |
| Median household income | $109,063 | $89,062 | $80,734 |
| Homes lived in by their owners | 87% | 72% | 65% |
| Owner homes with a mortgage | 65% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,772 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 19.7% | 21.0% |
| Median rent | $1,215 | $1,280 | $1,413 |
| Rent as a share of renters' income | 20.0% | 29.2% | 30.6% |
| Median year homes were built | 1973 | 1979 | 1980 |
| Vacant homes | 7.8% | 9.3% | 10.1% |
| Population | 1,813 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Esko
At this week's average 30-year rate of 7.11%, buying the median Esko home of $318,800 with 20% down costs about $2,130 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,661, 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 $91,290 for the 20%-down payment. That payment is 23% of the median Esko household income of $109,063; at that income and 20% down, the 28% guideline points to a home of about $381,000.
The median rent here is $1,215 a month, so owning the median home costs about $915 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,760 |
|---|---|
| Loan amount | $255,040 |
| Principal and interest | $1,716 |
| Property taxes (1.06% a year) | $282 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| PMI | $0 |
| Total per month | $2,130 |
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| Down payment | $11,158 |
|---|---|
| Loan amount | $313,026 |
| Principal and interest | $2,106 |
| Property taxes (1.06% a year) | $282 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| FHA mortgage insurance | $141 |
| Total per month | $2,661 |
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Questions about home buying in Esko
What is the median home value in Esko?
About $318,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Esko?
Homeowners pay a median $3,375 a year, which is about 1.06% 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 Esko?
For the median home with 20% down at 7.11%, the payment is about $2,130 a month. Keeping that under 28% of gross income takes about $91,290 a year.
More about Esko
- Mortgage Refinance in Esko
- Debt Relief in Esko
- Home Equity Loans in Esko
- 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