The typical owner-occupied home in Saint Cloud is worth about $225,000, 32% below the Minnesota median of $329,300 and 32% below the national median of $332,700. Owners pay a median $2,320 a year in property taxes, about 1.03% of their home's value, close to the Minnesota rate of 1.02%. The median household earns $61,374 a year, so the median home costs 3.7 times the median income (3.7 times for Minnesota). 49% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Saint Cloud at a glance
| Saint Cloud | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $225,000 | $329,300 | $332,700 |
| Median property tax paid per year | $2,320 | $3,357 | $3,119 |
| Property tax as a share of value | 1.03% | 1.02% | 0.94% |
| Median household income | $61,374 | $89,062 | $80,734 |
| Homes lived in by their owners | 49% | 72% | 65% |
| Owner homes with a mortgage | 59% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,530 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 19.7% | 21.0% |
| Median rent | $1,003 | $1,280 | $1,413 |
| Rent as a share of renters' income | 28.8% | 29.2% | 30.6% |
| Median year homes were built | 1981 | 1979 | 1980 |
| Vacant homes | 6.6% | 9.3% | 10.1% |
| Population | 70,629 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Saint Cloud
At this week's average 30-year rate of 7.11%, buying the median Saint Cloud home of $225,000 with 20% down costs about $1,498 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,873, 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 $64,189 for the 20%-down payment. That payment is 29% of the median Saint Cloud household income of $61,374; at that income and 20% down, the 28% guideline points to a home of about $215,000.
The median rent here is $1,003 a month, so owning the median home costs about $495 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,000 |
|---|---|
| Loan amount | $180,000 |
| Principal and interest | $1,211 |
| Property taxes (1.03% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,498 |
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| Down payment | $7,875 |
|---|---|
| Loan amount | $220,925 |
| Principal and interest | $1,486 |
| Property taxes (1.03% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $100 |
| Total per month | $1,873 |
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Questions about home buying in Saint Cloud
What is the median home value in Saint Cloud?
About $225,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saint Cloud?
Homeowners pay a median $2,320 a year, which is about 1.03% 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 Saint Cloud?
For the median home with 20% down at 7.11%, the payment is about $1,498 a month. Keeping that under 28% of gross income takes about $64,189 a year.
More about Saint Cloud
- Mortgage Refinance in Saint Cloud
- Debt Relief in Saint Cloud
- Home Equity Loans in Saint Cloud
- 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