The typical owner-occupied home in Waldorf is worth about $133,000, 60% below the Minnesota median of $329,300 and 60% below the national median of $332,700. Owners pay a median $1,438 a year in property taxes, about 1.08% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $48,000 a year, so the median home costs 2.8 times the median income (3.7 times for Minnesota). 90% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Waldorf at a glance
| Waldorf | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $133,000 | $329,300 | $332,700 |
| Median property tax paid per year | $1,438 | $3,357 | $3,119 |
| Property tax as a share of value | 1.08% | 1.02% | 0.94% |
| Median household income | $48,000 | $89,062 | $80,734 |
| Homes lived in by their owners | 90% | 72% | 65% |
| Owner homes with a mortgage | 47% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,375 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Median year homes were built | 1952 | 1979 | 1980 |
| Vacant homes | 13.7% | 9.3% | 10.1% |
| Population | 171 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Waldorf
At this week's average 30-year rate of 7.11%, buying the median Waldorf home of $133,000 with 20% down costs about $891 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,112, 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 $38,181 for the 20%-down payment. That payment is 22% of the median Waldorf household income of $48,000; at that income and 20% down, the 28% guideline points to a home of about $167,000.
| Down payment | $26,600 |
|---|---|
| Loan amount | $106,400 |
| Principal and interest | $716 |
| Property taxes (1.08% a year) | $120 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $891 |
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| Down payment | $4,655 |
|---|---|
| Loan amount | $130,591 |
| Principal and interest | $878 |
| Property taxes (1.08% a year) | $120 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $59 |
| Total per month | $1,112 |
Change the numbers in the calculator
Questions about home buying in Waldorf
What is the median home value in Waldorf?
About $133,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waldorf?
Homeowners pay a median $1,438 a year, which is about 1.08% 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 Waldorf?
For the median home with 20% down at 7.11%, the payment is about $891 a month. Keeping that under 28% of gross income takes about $38,181 a year.
More about Waldorf
- Mortgage Refinance in Waldorf
- Debt Relief in Waldorf
- Home Equity Loans in Waldorf
- 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