The typical owner-occupied home in Goodhue County is worth about $285,100, 13% below the Minnesota median of $329,300 and 14% below the national median of $332,700. Owners pay a median $2,998 a year in property taxes, about 1.05% of their home's value, close to the Minnesota rate of 1.02%. The median household earns $84,171 a year, so the median home costs 3.4 times the median income (3.7 times for Minnesota). 79% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Goodhue County at a glance
| Goodhue County | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $285,100 | $329,300 | $332,700 |
| Median property tax paid per year | $2,998 | $3,357 | $3,119 |
| Property tax as a share of value | 1.05% | 1.02% | 0.94% |
| Median household income | $84,171 | $89,062 | $80,734 |
| Homes lived in by their owners | 79% | 72% | 65% |
| Owner homes with a mortgage | 62% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,845 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 21.2% | 19.7% | 21.0% |
| Median rent | $966 | $1,280 | $1,413 |
| Rent as a share of renters' income | 29.9% | 29.2% | 30.6% |
| Median year homes were built | 1973 | 1979 | 1980 |
| Vacant homes | 6.8% | 9.3% | 10.1% |
| Population | 47,943 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Goodhue County
At this week's average 30-year rate of 7.11%, buying the median Goodhue County home of $285,100 with 20% down costs about $1,903 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,378, 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 $81,538 for the 20%-down payment. That payment is 27% of the median Goodhue County household income of $84,171; at that income and 20% down, the 28% guideline points to a home of about $294,000.
The median rent here is $966 a month, so owning the median home costs about $937 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,020 |
|---|---|
| Loan amount | $228,080 |
| Principal and interest | $1,534 |
| Property taxes (1.05% a year) | $249 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| PMI | $0 |
| Total per month | $1,903 |
Change the numbers in the calculator
| Down payment | $9,978 |
|---|---|
| Loan amount | $279,936 |
| Principal and interest | $1,883 |
| Property taxes (1.05% a year) | $249 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| FHA mortgage insurance | $126 |
| Total per month | $2,378 |
Change the numbers in the calculator
Questions about home buying in Goodhue County
What is the median home value in Goodhue County?
About $285,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goodhue County?
Homeowners pay a median $2,998 a year, which is about 1.05% 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 Goodhue County?
For the median home with 20% down at 7.11%, the payment is about $1,903 a month. Keeping that under 28% of gross income takes about $81,538 a year.
More about Goodhue County
- Mortgage Refinance in Goodhue County
- Debt Relief in Goodhue County
- Home Equity Loans in Goodhue County
- 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