The typical owner-occupied home in Lamberton is worth about $96,000, 71% below the Minnesota median of $329,300 and 71% below the national median of $332,700. Owners pay a median $1,452 a year in property taxes, about 1.51% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $58,631 a year, so the median home costs 1.6 times the median income (3.7 times for Minnesota). 78% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Lamberton at a glance
| Lamberton | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $96,000 | $329,300 | $332,700 |
| Median property tax paid per year | $1,452 | $3,357 | $3,119 |
| Property tax as a share of value | 1.51% | 1.02% | 0.94% |
| Median household income | $58,631 | $89,062 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 44% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $985 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 15.9% | 19.7% | 21.0% |
| Median rent | $761 | $1,280 | $1,413 |
| Rent as a share of renters' income | 25.0% | 29.2% | 30.6% |
| Median year homes were built | 1951 | 1979 | 1980 |
| Vacant homes | 10.4% | 9.3% | 10.1% |
| Population | 917 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Lamberton
At this week's average 30-year rate of 7.11%, buying the median Lamberton home of $96,000 with 20% down costs about $677 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $837, 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 $29,033 for the 20%-down payment. That payment is 14% of the median Lamberton household income of $58,631; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $761 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,200 |
|---|---|
| Loan amount | $76,800 |
| Principal and interest | $517 |
| Property taxes (1.51% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $677 |
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| Down payment | $3,360 |
|---|---|
| Loan amount | $94,261 |
| Principal and interest | $634 |
| Property taxes (1.51% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $837 |
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Questions about home buying in Lamberton
What is the median home value in Lamberton?
About $96,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lamberton?
Homeowners pay a median $1,452 a year, which is about 1.51% 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 Lamberton?
For the median home with 20% down at 7.11%, the payment is about $677 a month. Keeping that under 28% of gross income takes about $29,033 a year.
More about Lamberton
- Mortgage Refinance in Lamberton
- Debt Relief in Lamberton
- Home Equity Loans in Lamberton
- 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