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Buying a home in Marietta, Minnesota

The typical owner-occupied home in Marietta is worth about $65,000, 80% below the Minnesota median of $329,300 and 80% below the national median of $332,700. Owners pay a median $728 a year in property taxes, about 1.12% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $34,375 a year, so the median home costs 1.9 times the median income (3.7 times for Minnesota). 82% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.

Marietta at a glance

Marietta Minnesota U.S.
Median home value $65,000 $329,300 $332,700
Median property tax paid per year $728 $3,357 $3,119
Property tax as a share of value 1.12% 1.02% 0.94%
Median household income $34,375 $89,062 $80,734
Homes lived in by their owners 82% 72% 65%
Owner homes with a mortgage 11% 64% 61%
Median monthly costs, owners with a mortgage $533 $1,947 $1,963
Those costs as a share of the owners' income 36.3% 19.7% 21.0%
Median rent – $1,280 $1,413
Median year homes were built 1938 1979 1980
Vacant homes 15.2% 9.3% 10.1%
Population 166 5,739,445 334,922,499

What a typical home costs per month in Marietta

At this week's average 30-year rate of 7.11%, buying the median Marietta home of $65,000 with 20% down costs about $438 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $546, 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 $18,753 for the 20%-down payment. That payment is 15% of the median Marietta household income of $34,375; at that income and 20% down, the 28% guideline points to a home of about $119,000.

20% down, 30-year conventional loan
Down payment$13,000
Loan amount$52,000
Principal and interest$350
Property taxes (1.12% a year)$61
Homeowners insurance (our estimate, 0.5% a year)$27
PMI$0
Total per month$438

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3.5% down, 30-year FHA loan
Down payment$2,275
Loan amount$63,823
Principal and interest$429
Property taxes (1.12% a year)$61
Homeowners insurance (our estimate, 0.5% a year)$27
FHA mortgage insurance$29
Total per month$546

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Questions about home buying in Marietta

What is the median home value in Marietta?

About $65,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Marietta?

Homeowners pay a median $728 a year, which is about 1.12% 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 Marietta?

For the median home with 20% down at 7.11%, the payment is about $438 a month. Keeping that under 28% of gross income takes about $18,753 a year.

More about Marietta

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