The typical owner-occupied home in Upsala is worth about $147,500, 55% below the Minnesota median of $329,300 and 56% below the national median of $332,700. Owners pay a median $1,939 a year in property taxes, about 1.31% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $52,625 a year, so the median home costs 2.8 times the median income (3.7 times for Minnesota). 59% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Upsala at a glance
| Upsala | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $147,500 | $329,300 | $332,700 |
| Median property tax paid per year | $1,939 | $3,357 | $3,119 |
| Property tax as a share of value | 1.31% | 1.02% | 0.94% |
| Median household income | $52,625 | $89,062 | $80,734 |
| Homes lived in by their owners | 59% | 72% | 65% |
| Owner homes with a mortgage | 59% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,319 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 19.7% | 21.0% |
| Median rent | $833 | $1,280 | $1,413 |
| Rent as a share of renters' income | 40.7% | 29.2% | 30.6% |
| Median year homes were built | 1971 | 1979 | 1980 |
| Vacant homes | 10.6% | 9.3% | 10.1% |
| Population | 417 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Upsala
At this week's average 30-year rate of 7.11%, buying the median Upsala home of $147,500 with 20% down costs about $1,016 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,262, 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 $43,554 for the 20%-down payment. That payment is 23% of the median Upsala household income of $52,625; at that income and 20% down, the 28% guideline points to a home of about $178,000.
The median rent here is $833 a month, so owning the median home costs about $183 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,500 |
|---|---|
| Loan amount | $118,000 |
| Principal and interest | $794 |
| Property taxes (1.31% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $1,016 |
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| Down payment | $5,162 |
|---|---|
| Loan amount | $144,828 |
| Principal and interest | $974 |
| Property taxes (1.31% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $65 |
| Total per month | $1,262 |
Change the numbers in the calculator
Questions about home buying in Upsala
What is the median home value in Upsala?
About $147,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Upsala?
Homeowners pay a median $1,939 a year, which is about 1.31% 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 Upsala?
For the median home with 20% down at 7.11%, the payment is about $1,016 a month. Keeping that under 28% of gross income takes about $43,554 a year.
More about Upsala
- Mortgage Refinance in Upsala
- Debt Relief in Upsala
- Home Equity Loans in Upsala
- 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