The typical owner-occupied home in Laporte is worth about $159,400, 52% below the Minnesota median of $329,300 and 52% below the national median of $332,700. The median household earns $44,375 a year, so the median home costs 3.6 times the median income (3.7 times for Minnesota). 94% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Laporte at a glance
| Laporte | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $159,400 | $329,300 | $332,700 |
| Median property tax paid per year | – | $3,357 | $3,119 |
| Median household income | $44,375 | $89,062 | $80,734 |
| Homes lived in by their owners | 94% | 72% | 65% |
| Owner homes with a mortgage | 34% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $983 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Median year homes were built | 1966 | 1979 | 1980 |
| Vacant homes | 36.7% | 9.3% | 10.1% |
| Population | 71 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Laporte
At this week's average 30-year rate of 7.11%, buying the median Laporte home of $159,400 with 20% down costs about $1,070 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,336, 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 $45,873 for the 20%-down payment. That payment is 29% of the median Laporte household income of $44,375; at that income and 20% down, the 28% guideline points to a home of about $154,000.
| Down payment | $31,880 |
|---|---|
| Loan amount | $127,520 |
| Principal and interest | $858 |
| Property taxes (1.10% a year) | $146 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $1,070 |
Change the numbers in the calculator
| Down payment | $5,579 |
|---|---|
| Loan amount | $156,513 |
| Principal and interest | $1,053 |
| Property taxes (1.10% a year) | $146 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,336 |
Change the numbers in the calculator
Questions about home buying in Laporte
What is the median home value in Laporte?
About $159,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Laporte?
For the median home with 20% down at 7.11%, the payment is about $1,070 a month. Keeping that under 28% of gross income takes about $45,873 a year.
More about Laporte
- Mortgage Refinance in Laporte
- Debt Relief in Laporte
- Home Equity Loans in Laporte
- 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