The typical owner-occupied home in Fulda is worth about $164,700, 50% below the Minnesota median of $329,300 and 50% below the national median of $332,700. Owners pay a median $1,795 a year in property taxes, about 1.09% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $71,136 a year, so the median home costs 2.3 times the median income (3.7 times for Minnesota). 79% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Fulda at a glance
| Fulda | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $164,700 | $329,300 | $332,700 |
| Median property tax paid per year | $1,795 | $3,357 | $3,119 |
| Property tax as a share of value | 1.09% | 1.02% | 0.94% |
| Median household income | $71,136 | $89,062 | $80,734 |
| Homes lived in by their owners | 79% | 72% | 65% |
| Owner homes with a mortgage | 52% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,212 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 19.7% | 21.0% |
| Median rent | $834 | $1,280 | $1,413 |
| Rent as a share of renters' income | 25.8% | 29.2% | 30.6% |
| Median year homes were built | 1963 | 1979 | 1980 |
| Vacant homes | 6.6% | 9.3% | 10.1% |
| Population | 1,393 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Fulda
At this week's average 30-year rate of 7.11%, buying the median Fulda home of $164,700 with 20% down costs about $1,105 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,379, 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 $47,340 for the 20%-down payment. That payment is 19% of the median Fulda household income of $71,136; at that income and 20% down, the 28% guideline points to a home of about $247,000.
The median rent here is $834 a month, so owning the median home costs about $271 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,940 |
|---|---|
| Loan amount | $131,760 |
| Principal and interest | $886 |
| Property taxes (1.09% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,105 |
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| Down payment | $5,764 |
|---|---|
| Loan amount | $161,717 |
| Principal and interest | $1,088 |
| Property taxes (1.09% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,379 |
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Questions about home buying in Fulda
What is the median home value in Fulda?
About $164,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fulda?
Homeowners pay a median $1,795 a year, which is about 1.09% 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 Fulda?
For the median home with 20% down at 7.11%, the payment is about $1,105 a month. Keeping that under 28% of gross income takes about $47,340 a year.
More about Fulda
- Mortgage Refinance in Fulda
- Debt Relief in Fulda
- Home Equity Loans in Fulda
- 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