The typical owner-occupied home in Zumbrota is worth about $249,300, 24% below the Minnesota median of $329,300 and 25% below the national median of $332,700. Owners pay a median $2,927 a year in property taxes, about 1.17% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $78,156 a year, so the median home costs 3.2 times the median income (3.7 times for Minnesota). 77% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Zumbrota at a glance
| Zumbrota | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $249,300 | $329,300 | $332,700 |
| Median property tax paid per year | $2,927 | $3,357 | $3,119 |
| Property tax as a share of value | 1.17% | 1.02% | 0.94% |
| Median household income | $78,156 | $89,062 | $80,734 |
| Homes lived in by their owners | 77% | 72% | 65% |
| Owner homes with a mortgage | 57% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,686 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.7% | 21.0% |
| Median rent | $834 | $1,280 | $1,413 |
| Rent as a share of renters' income | 22.4% | 29.2% | 30.6% |
| Median year homes were built | 1978 | 1979 | 1980 |
| Vacant homes | 7.0% | 9.3% | 10.1% |
| Population | 3,914 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Zumbrota
At this week's average 30-year rate of 7.11%, buying the median Zumbrota home of $249,300 with 20% down costs about $1,689 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,104, 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 $72,368 for the 20%-down payment. That payment is 26% of the median Zumbrota household income of $78,156; at that income and 20% down, the 28% guideline points to a home of about $269,000.
The median rent here is $834 a month, so owning the median home costs about $855 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,860 |
|---|---|
| Loan amount | $199,440 |
| Principal and interest | $1,342 |
| Property taxes (1.17% a year) | $243 |
| Homeowners insurance (our estimate, 0.5% a year) | $104 |
| PMI | $0 |
| Total per month | $1,689 |
Change the numbers in the calculator
| Down payment | $8,726 |
|---|---|
| Loan amount | $244,785 |
| Principal and interest | $1,647 |
| Property taxes (1.17% a year) | $243 |
| Homeowners insurance (our estimate, 0.5% a year) | $104 |
| FHA mortgage insurance | $110 |
| Total per month | $2,104 |
Change the numbers in the calculator
Questions about home buying in Zumbrota
What is the median home value in Zumbrota?
About $249,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Zumbrota?
Homeowners pay a median $2,927 a year, which is about 1.17% 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 Zumbrota?
For the median home with 20% down at 7.11%, the payment is about $1,689 a month. Keeping that under 28% of gross income takes about $72,368 a year.
More about Zumbrota
- Mortgage Refinance in Zumbrota
- Debt Relief in Zumbrota
- Home Equity Loans in Zumbrota
- 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