The typical owner-occupied home in Swanville is worth about $148,800, 55% below the Minnesota median of $329,300 and 55% below the national median of $332,700. Owners pay a median $1,411 a year in property taxes, about 0.95% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $61,250 a year, so the median home costs 2.4 times the median income (3.7 times for Minnesota). 70% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Swanville at a glance
| Swanville | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $148,800 | $329,300 | $332,700 |
| Median property tax paid per year | $1,411 | $3,357 | $3,119 |
| Property tax as a share of value | 0.95% | 1.02% | 0.94% |
| Median household income | $61,250 | $89,062 | $80,734 |
| Homes lived in by their owners | 70% | 72% | 65% |
| Owner homes with a mortgage | 51% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,103 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 19.7% | 21.0% |
| Median rent | $1,000 | $1,280 | $1,413 |
| Rent as a share of renters' income | 27.9% | 29.2% | 30.6% |
| Median year homes were built | 1963 | 1979 | 1980 |
| Vacant homes | 6.8% | 9.3% | 10.1% |
| Population | 274 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Swanville
At this week's average 30-year rate of 7.11%, buying the median Swanville home of $148,800 with 20% down costs about $981 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,228, 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 $42,025 for the 20%-down payment. That payment is 19% of the median Swanville household income of $61,250; at that income and 20% down, the 28% guideline points to a home of about $217,000.
The median rent here is $1,000 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $29,760 |
|---|---|
| Loan amount | $119,040 |
| Principal and interest | $801 |
| Property taxes (0.95% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $981 |
Change the numbers in the calculator
| Down payment | $5,208 |
|---|---|
| Loan amount | $146,105 |
| Principal and interest | $983 |
| Property taxes (0.95% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,228 |
Change the numbers in the calculator
Questions about home buying in Swanville
What is the median home value in Swanville?
About $148,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Swanville?
Homeowners pay a median $1,411 a year, which is about 0.95% 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 Swanville?
For the median home with 20% down at 7.11%, the payment is about $981 a month. Keeping that under 28% of gross income takes about $42,025 a year.
More about Swanville
- Mortgage Refinance in Swanville
- Debt Relief in Swanville
- Home Equity Loans in Swanville
- 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