The typical owner-occupied home in Lindstrom is worth about $358,100, 9% above the Minnesota median of $329,300 and 8% above the national median of $332,700. Owners pay a median $4,246 a year in property taxes, about 1.19% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $98,226 a year, so the median home costs 3.6 times the median income (3.7 times for Minnesota). 85% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Lindstrom at a glance
| Lindstrom | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $358,100 | $329,300 | $332,700 |
| Median property tax paid per year | $4,246 | $3,357 | $3,119 |
| Property tax as a share of value | 1.19% | 1.02% | 0.94% |
| Median household income | $98,226 | $89,062 | $80,734 |
| Homes lived in by their owners | 85% | 72% | 65% |
| Owner homes with a mortgage | 73% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,219 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 19.7% | 21.0% |
| Median rent | $1,176 | $1,280 | $1,413 |
| Rent as a share of renters' income | 26.6% | 29.2% | 30.6% |
| Median year homes were built | 1992 | 1979 | 1980 |
| Vacant homes | 8.5% | 9.3% | 10.1% |
| Population | 4,978 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Lindstrom
At this week's average 30-year rate of 7.11%, buying the median Lindstrom home of $358,100 with 20% down costs about $2,431 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,028, 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 $104,207 for the 20%-down payment. That payment is 30% of the median Lindstrom household income of $98,226; at that income and 20% down, the 28% guideline points to a home of about $338,000.
The median rent here is $1,176 a month, so owning the median home costs about $1,255 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $71,620 |
|---|---|
| Loan amount | $286,480 |
| Principal and interest | $1,927 |
| Property taxes (1.19% a year) | $355 |
| Homeowners insurance (our estimate, 0.5% a year) | $149 |
| PMI | $0 |
| Total per month | $2,431 |
Change the numbers in the calculator
| Down payment | $12,534 |
|---|---|
| Loan amount | $351,614 |
| Principal and interest | $2,365 |
| Property taxes (1.19% a year) | $355 |
| Homeowners insurance (our estimate, 0.5% a year) | $149 |
| FHA mortgage insurance | $158 |
| Total per month | $3,028 |
Change the numbers in the calculator
Questions about home buying in Lindstrom
What is the median home value in Lindstrom?
About $358,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lindstrom?
Homeowners pay a median $4,246 a year, which is about 1.19% 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 Lindstrom?
For the median home with 20% down at 7.11%, the payment is about $2,431 a month. Keeping that under 28% of gross income takes about $104,207 a year.
More about Lindstrom
- Mortgage Refinance in Lindstrom
- Debt Relief in Lindstrom
- Home Equity Loans in Lindstrom
- 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