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Buying a home in Bruno, Minnesota

The typical owner-occupied home in Bruno is worth about $185,000, 44% below the Minnesota median of $329,300 and 44% below the national median of $332,700. Owners pay a median $1,536 a year in property taxes, about 0.83% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $44,583 a year, so the median home costs 4.1 times the median income (3.7 times for Minnesota). 88% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.

Bruno at a glance

Bruno Minnesota U.S.
Median home value $185,000 $329,300 $332,700
Median property tax paid per year $1,536 $3,357 $3,119
Property tax as a share of value 0.83% 1.02% 0.94%
Median household income $44,583 $89,062 $80,734
Homes lived in by their owners 88% 72% 65%
Owner homes with a mortgage 55% 64% 61%
Median monthly costs, owners with a mortgage $1,375 $1,947 $1,963
Those costs as a share of the owners' income 19.3% 19.7% 21.0%
Median rent – $1,280 $1,413
Median year homes were built 1941 1979 1980
Vacant homes 0.0% 9.3% 10.1%
Population 42 5,739,445 334,922,499

What a typical home costs per month in Bruno

At this week's average 30-year rate of 7.11%, buying the median Bruno home of $185,000 with 20% down costs about $1,201 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,509, 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 $51,456 for the 20%-down payment. That payment is 32% of the median Bruno household income of $44,583; at that income and 20% down, the 28% guideline points to a home of about $160,000.

20% down, 30-year conventional loan
Down payment$37,000
Loan amount$148,000
Principal and interest$996
Property taxes (0.83% a year)$128
Homeowners insurance (our estimate, 0.5% a year)$77
PMI$0
Total per month$1,201

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3.5% down, 30-year FHA loan
Down payment$6,475
Loan amount$181,649
Principal and interest$1,222
Property taxes (0.83% a year)$128
Homeowners insurance (our estimate, 0.5% a year)$77
FHA mortgage insurance$82
Total per month$1,509

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Questions about home buying in Bruno

What is the median home value in Bruno?

About $185,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Bruno?

Homeowners pay a median $1,536 a year, which is about 0.83% 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 Bruno?

For the median home with 20% down at 7.11%, the payment is about $1,201 a month. Keeping that under 28% of gross income takes about $51,456 a year.

More about Bruno

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