The typical owner-occupied home in Stevens County is worth about $202,800, 38% below the Minnesota median of $329,300 and 39% below the national median of $332,700. Owners pay a median $1,634 a year in property taxes, about 0.81% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $75,733 a year, so the median home costs 2.7 times the median income (3.7 times for Minnesota). 63% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Stevens County at a glance
| Stevens County | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $202,800 | $329,300 | $332,700 |
| Median property tax paid per year | $1,634 | $3,357 | $3,119 |
| Property tax as a share of value | 0.81% | 1.02% | 0.94% |
| Median household income | $75,733 | $89,062 | $80,734 |
| Homes lived in by their owners | 63% | 72% | 65% |
| Owner homes with a mortgage | 52% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,499 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 19.7% | 21.0% |
| Median rent | $951 | $1,280 | $1,413 |
| Rent as a share of renters' income | 27.7% | 29.2% | 30.6% |
| Median year homes were built | 1971 | 1979 | 1980 |
| Vacant homes | 7.0% | 9.3% | 10.1% |
| Population | 9,739 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Stevens County
At this week's average 30-year rate of 7.11%, buying the median Stevens County home of $202,800 with 20% down costs about $1,313 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,651, 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 $56,262 for the 20%-down payment. That payment is 21% of the median Stevens County household income of $75,733; at that income and 20% down, the 28% guideline points to a home of about $273,000.
The median rent here is $951 a month, so owning the median home costs about $362 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,560 |
|---|---|
| Loan amount | $162,240 |
| Principal and interest | $1,091 |
| Property taxes (0.81% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,313 |
Change the numbers in the calculator
| Down payment | $7,098 |
|---|---|
| Loan amount | $199,127 |
| Principal and interest | $1,340 |
| Property taxes (0.81% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $90 |
| Total per month | $1,651 |
Change the numbers in the calculator
Questions about home buying in Stevens County
What is the median home value in Stevens County?
About $202,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stevens County?
Homeowners pay a median $1,634 a year, which is about 0.81% 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 Stevens County?
For the median home with 20% down at 7.11%, the payment is about $1,313 a month. Keeping that under 28% of gross income takes about $56,262 a year.
More about Stevens County
- Mortgage Refinance in Stevens County
- Debt Relief in Stevens County
- Home Equity Loans in Stevens County
- 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