The typical owner-occupied home in Holloway is worth about $65,600, 80% below the Minnesota median of $329,300 and 80% below the national median of $332,700. Owners pay a median $667 a year in property taxes, about 1.02% of their home's value, close to the Minnesota rate of 1.02%. The median household earns $63,750 a year, so the median home costs 1.0 times the median income (3.7 times for Minnesota). 83% of occupied homes here are lived in by their owners, and 23% of those owners still have a mortgage.
Holloway at a glance
| Holloway | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $65,600 | $329,300 | $332,700 |
| Median property tax paid per year | $667 | $3,357 | $3,119 |
| Property tax as a share of value | 1.02% | 1.02% | 0.94% |
| Median household income | $63,750 | $89,062 | $80,734 |
| Homes lived in by their owners | 83% | 72% | 65% |
| Owner homes with a mortgage | 23% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Rent as a share of renters' income | 28.8% | 29.2% | 30.6% |
| Median year homes were built | 1953 | 1979 | 1980 |
| Vacant homes | 0.0% | 9.3% | 10.1% |
| Population | 74 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Holloway
At this week's average 30-year rate of 7.11%, buying the median Holloway home of $65,600 with 20% down costs about $436 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $545, 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 $18,691 for the 20%-down payment. That payment is 8% of the median Holloway household income of $63,750; at that income and 20% down, the 28% guideline points to a home of about $224,000.
| Down payment | $13,120 |
|---|---|
| Loan amount | $52,480 |
| Principal and interest | $353 |
| Property taxes (1.02% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $436 |
Change the numbers in the calculator
| Down payment | $2,296 |
|---|---|
| Loan amount | $64,412 |
| Principal and interest | $433 |
| Property taxes (1.02% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $545 |
Change the numbers in the calculator
Questions about home buying in Holloway
What is the median home value in Holloway?
About $65,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Holloway?
Homeowners pay a median $667 a year, which is about 1.02% 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 Holloway?
For the median home with 20% down at 7.11%, the payment is about $436 a month. Keeping that under 28% of gross income takes about $18,691 a year.
More about Holloway
- Mortgage Refinance in Holloway
- Debt Relief in Holloway
- Home Equity Loans in Holloway
- 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