The typical owner-occupied home in Ulen is worth about $174,300, 47% below the Minnesota median of $329,300 and 48% below the national median of $332,700. Owners pay a median $2,667 a year in property taxes, about 1.53% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $60,556 a year, so the median home costs 2.9 times the median income (3.7 times for Minnesota). 59% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Ulen at a glance
| Ulen | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $174,300 | $329,300 | $332,700 |
| Median property tax paid per year | $2,667 | $3,357 | $3,119 |
| Property tax as a share of value | 1.53% | 1.02% | 0.94% |
| Median household income | $60,556 | $89,062 | $80,734 |
| Homes lived in by their owners | 59% | 72% | 65% |
| Owner homes with a mortgage | 56% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,167 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 20.7% | 19.7% | 21.0% |
| Median rent | $903 | $1,280 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.2% | 30.6% |
| Median year homes were built | 1992 | 1979 | 1980 |
| Vacant homes | 13.4% | 9.3% | 10.1% |
| Population | 413 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Ulen
At this week's average 30-year rate of 7.11%, buying the median Ulen home of $174,300 with 20% down costs about $1,233 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,523, 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 $52,838 for the 20%-down payment. That payment is 24% of the median Ulen household income of $60,556; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $903 a month, so owning the median home costs about $330 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,860 |
|---|---|
| Loan amount | $139,440 |
| Principal and interest | $938 |
| Property taxes (1.53% a year) | $222 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,233 |
Change the numbers in the calculator
| Down payment | $6,100 |
|---|---|
| Loan amount | $171,143 |
| Principal and interest | $1,151 |
| Property taxes (1.53% a year) | $222 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,523 |
Change the numbers in the calculator
Questions about home buying in Ulen
What is the median home value in Ulen?
About $174,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ulen?
Homeowners pay a median $2,667 a year, which is about 1.53% 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 Ulen?
For the median home with 20% down at 7.11%, the payment is about $1,233 a month. Keeping that under 28% of gross income takes about $52,838 a year.
More about Ulen
- Mortgage Refinance in Ulen
- Debt Relief in Ulen
- Home Equity Loans in Ulen
- 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