The typical owner-occupied home in Edgerton is worth about $132,100, 60% below the Minnesota median of $329,300 and 60% below the national median of $332,700. Owners pay a median $1,316 a year in property taxes, about 1.00% of their home's value, close to the Minnesota rate of 1.02%. The median household earns $68,894 a year, so the median home costs 1.9 times the median income (3.7 times for Minnesota). 92% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Edgerton at a glance
| Edgerton | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $132,100 | $329,300 | $332,700 |
| Median property tax paid per year | $1,316 | $3,357 | $3,119 |
| Property tax as a share of value | 1.00% | 1.02% | 0.94% |
| Median household income | $68,894 | $89,062 | $80,734 |
| Homes lived in by their owners | 92% | 72% | 65% |
| Owner homes with a mortgage | 39% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,299 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 16.6% | 19.7% | 21.0% |
| Median rent | $825 | $1,280 | $1,413 |
| Rent as a share of renters' income | 25.0% | 29.2% | 30.6% |
| Median year homes were built | 1966 | 1979 | 1980 |
| Vacant homes | 4.8% | 9.3% | 10.1% |
| Population | 1,104 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Edgerton
At this week's average 30-year rate of 7.11%, buying the median Edgerton home of $132,100 with 20% down costs about $876 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,096, 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 $37,545 for the 20%-down payment. That payment is 15% of the median Edgerton household income of $68,894; at that income and 20% down, the 28% guideline points to a home of about $242,000.
The median rent here is $825 a month, so owning the median home costs about $51 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,420 |
|---|---|
| Loan amount | $105,680 |
| Principal and interest | $711 |
| Property taxes (1.00% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $876 |
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| Down payment | $4,624 |
|---|---|
| Loan amount | $129,707 |
| Principal and interest | $873 |
| Property taxes (1.00% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,096 |
Change the numbers in the calculator
Questions about home buying in Edgerton
What is the median home value in Edgerton?
About $132,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Edgerton?
Homeowners pay a median $1,316 a year, which is about 1.00% 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 Edgerton?
For the median home with 20% down at 7.11%, the payment is about $876 a month. Keeping that under 28% of gross income takes about $37,545 a year.
More about Edgerton
- Mortgage Refinance in Edgerton
- Debt Relief in Edgerton
- Home Equity Loans in Edgerton
- 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