The typical owner-occupied home in Windom is worth about $169,700, 48% below the Minnesota median of $329,300 and 49% below the national median of $332,700. Owners pay a median $1,883 a year in property taxes, about 1.11% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $74,899 a year, so the median home costs 2.3 times the median income (3.7 times for Minnesota). 69% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Windom at a glance
| Windom | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $169,700 | $329,300 | $332,700 |
| Median property tax paid per year | $1,883 | $3,357 | $3,119 |
| Property tax as a share of value | 1.11% | 1.02% | 0.94% |
| Median household income | $74,899 | $89,062 | $80,734 |
| Homes lived in by their owners | 69% | 72% | 65% |
| Owner homes with a mortgage | 51% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,213 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 19.7% | 21.0% |
| Median rent | $806 | $1,280 | $1,413 |
| Rent as a share of renters' income | 22.5% | 29.2% | 30.6% |
| Median year homes were built | 1967 | 1979 | 1980 |
| Vacant homes | 14.1% | 9.3% | 10.1% |
| Population | 4,799 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Windom
At this week's average 30-year rate of 7.11%, buying the median Windom home of $169,700 with 20% down costs about $1,141 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,424, 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 $48,898 for the 20%-down payment. That payment is 18% of the median Windom household income of $74,899; at that income and 20% down, the 28% guideline points to a home of about $260,000.
The median rent here is $806 a month, so owning the median home costs about $335 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,940 |
|---|---|
| Loan amount | $135,760 |
| Principal and interest | $913 |
| Property taxes (1.11% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| PMI | $0 |
| Total per month | $1,141 |
Change the numbers in the calculator
| Down payment | $5,940 |
|---|---|
| Loan amount | $166,626 |
| Principal and interest | $1,121 |
| Property taxes (1.11% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| FHA mortgage insurance | $75 |
| Total per month | $1,424 |
Change the numbers in the calculator
Questions about home buying in Windom
What is the median home value in Windom?
About $169,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Windom?
Homeowners pay a median $1,883 a year, which is about 1.11% 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 Windom?
For the median home with 20% down at 7.11%, the payment is about $1,141 a month. Keeping that under 28% of gross income takes about $48,898 a year.
More about Windom
- Mortgage Refinance in Windom
- Debt Relief in Windom
- Home Equity Loans in Windom
- 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