The typical owner-occupied home in Halstad is worth about $128,600, 61% below the Minnesota median of $329,300 and 61% below the national median of $332,700. Owners pay a median $1,964 a year in property taxes, about 1.53% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $66,250 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 58% of those owners still have a mortgage.
Halstad at a glance
| Halstad | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $128,600 | $329,300 | $332,700 |
| Median property tax paid per year | $1,964 | $3,357 | $3,119 |
| Property tax as a share of value | 1.53% | 1.02% | 0.94% |
| Median household income | $66,250 | $89,062 | $80,734 |
| Homes lived in by their owners | 82% | 72% | 65% |
| Owner homes with a mortgage | 58% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,201 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.7% | 21.0% |
| Median rent | $681 | $1,280 | $1,413 |
| Rent as a share of renters' income | 18.7% | 29.2% | 30.6% |
| Median year homes were built | 1971 | 1979 | 1980 |
| Vacant homes | 20.5% | 9.3% | 10.1% |
| Population | 509 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Halstad
At this week's average 30-year rate of 7.11%, buying the median Halstad home of $128,600 with 20% down costs about $910 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,124, 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 $38,984 for the 20%-down payment. That payment is 16% of the median Halstad household income of $66,250; at that income and 20% down, the 28% guideline points to a home of about $219,000.
The median rent here is $681 a month, so owning the median home costs about $229 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,720 |
|---|---|
| Loan amount | $102,880 |
| Principal and interest | $692 |
| Property taxes (1.53% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $910 |
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| Down payment | $4,501 |
|---|---|
| Loan amount | $126,271 |
| Principal and interest | $849 |
| Property taxes (1.53% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $57 |
| Total per month | $1,124 |
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Questions about home buying in Halstad
What is the median home value in Halstad?
About $128,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Halstad?
Homeowners pay a median $1,964 a year, which is about 1.53% 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 Halstad?
For the median home with 20% down at 7.11%, the payment is about $910 a month. Keeping that under 28% of gross income takes about $38,984 a year.
More about Halstad
- Mortgage Refinance in Halstad
- Debt Relief in Halstad
- Home Equity Loans in Halstad
- 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