The typical owner-occupied home in Ellendale is worth about $155,200, 53% below the Minnesota median of $329,300 and 53% below the national median of $332,700. Owners pay a median $2,194 a year in property taxes, about 1.41% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $89,375 a year, so the median home costs 1.7 times the median income (3.7 times for Minnesota). 83% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Ellendale at a glance
| Ellendale | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $155,200 | $329,300 | $332,700 |
| Median property tax paid per year | $2,194 | $3,357 | $3,119 |
| Property tax as a share of value | 1.41% | 1.02% | 0.94% |
| Median household income | $89,375 | $89,062 | $80,734 |
| Homes lived in by their owners | 83% | 72% | 65% |
| Owner homes with a mortgage | 77% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,234 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 16.5% | 19.7% | 21.0% |
| Median rent | $804 | $1,280 | $1,413 |
| Rent as a share of renters' income | 19.0% | 29.2% | 30.6% |
| Median year homes were built | 1969 | 1979 | 1980 |
| Vacant homes | 3.0% | 9.3% | 10.1% |
| Population | 754 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Ellendale
At this week's average 30-year rate of 7.11%, buying the median Ellendale home of $155,200 with 20% down costs about $1,082 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,341, 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 $46,383 for the 20%-down payment. That payment is 15% of the median Ellendale household income of $89,375; at that income and 20% down, the 28% guideline points to a home of about $299,000.
The median rent here is $804 a month, so owning the median home costs about $278 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,040 |
|---|---|
| Loan amount | $124,160 |
| Principal and interest | $835 |
| Property taxes (1.41% a year) | $182 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,082 |
Change the numbers in the calculator
| Down payment | $5,432 |
|---|---|
| Loan amount | $152,389 |
| Principal and interest | $1,025 |
| Property taxes (1.41% a year) | $182 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,341 |
Change the numbers in the calculator
Questions about home buying in Ellendale
What is the median home value in Ellendale?
About $155,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ellendale?
Homeowners pay a median $2,194 a year, which is about 1.41% 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 Ellendale?
For the median home with 20% down at 7.11%, the payment is about $1,082 a month. Keeping that under 28% of gross income takes about $46,383 a year.
More about Ellendale
- Mortgage Refinance in Ellendale
- Debt Relief in Ellendale
- Home Equity Loans in Ellendale
- 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