The typical owner-occupied home in Porter is worth about $108,300, 67% below the Minnesota median of $329,300 and 67% below the national median of $332,700. Owners pay a median $1,000 a year in property taxes, about 0.92% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $56,667 a year, so the median home costs 1.9 times the median income (3.7 times for Minnesota). 71% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Porter at a glance
| Porter | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $108,300 | $329,300 | $332,700 |
| Median property tax paid per year | $1,000 | $3,357 | $3,119 |
| Property tax as a share of value | 0.92% | 1.02% | 0.94% |
| Median household income | $56,667 | $89,062 | $80,734 |
| Homes lived in by their owners | 71% | 72% | 65% |
| Owner homes with a mortgage | 32% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,146 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.7% | 21.0% |
| Median rent | $931 | $1,280 | $1,413 |
| Rent as a share of renters' income | 15.6% | 29.2% | 30.6% |
| Median year homes were built | 1951 | 1979 | 1980 |
| Vacant homes | 17.6% | 9.3% | 10.1% |
| Population | 191 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Porter
At this week's average 30-year rate of 7.11%, buying the median Porter home of $108,300 with 20% down costs about $711 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $891, 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 $30,471 for the 20%-down payment. That payment is 15% of the median Porter household income of $56,667; at that income and 20% down, the 28% guideline points to a home of about $201,000.
The median rent here is $931 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,660 |
|---|---|
| Loan amount | $86,640 |
| Principal and interest | $583 |
| Property taxes (0.92% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $711 |
Change the numbers in the calculator
| Down payment | $3,790 |
|---|---|
| Loan amount | $106,338 |
| Principal and interest | $715 |
| Property taxes (0.92% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $891 |
Change the numbers in the calculator
Questions about home buying in Porter
What is the median home value in Porter?
About $108,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Porter?
Homeowners pay a median $1,000 a year, which is about 0.92% 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 Porter?
For the median home with 20% down at 7.11%, the payment is about $711 a month. Keeping that under 28% of gross income takes about $30,471 a year.
More about Porter
- Mortgage Refinance in Porter
- Debt Relief in Porter
- Home Equity Loans in Porter
- 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