The typical owner-occupied home in Bayport is worth about $376,900, 14% above the Minnesota median of $329,300 and 13% above the national median of $332,700. Owners pay a median $2,987 a year in property taxes, about 0.79% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $125,893 a year, so the median home costs 3.0 times the median income (3.7 times for Minnesota). 92% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Bayport at a glance
| Bayport | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $376,900 | $329,300 | $332,700 |
| Median property tax paid per year | $2,987 | $3,357 | $3,119 |
| Property tax as a share of value | 0.79% | 1.02% | 0.94% |
| Median household income | $125,893 | $89,062 | $80,734 |
| Homes lived in by their owners | 92% | 72% | 65% |
| Owner homes with a mortgage | 76% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,344 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.7% | 21.0% |
| Median rent | $2,028 | $1,280 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.2% | 30.6% |
| Median year homes were built | 1960 | 1979 | 1980 |
| Vacant homes | 1.7% | 9.3% | 10.1% |
| Population | 3,905 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Bayport
At this week's average 30-year rate of 7.11%, buying the median Bayport home of $376,900 with 20% down costs about $2,434 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,061, 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 $104,293 for the 20%-down payment. That payment is 23% of the median Bayport household income of $125,893; at that income and 20% down, the 28% guideline points to a home of about $455,000.
The median rent here is $2,028 a month, so owning the median home costs about $406 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,380 |
|---|---|
| Loan amount | $301,520 |
| Principal and interest | $2,028 |
| Property taxes (0.79% a year) | $248 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| PMI | $0 |
| Total per month | $2,434 |
Change the numbers in the calculator
| Down payment | $13,192 |
|---|---|
| Loan amount | $370,073 |
| Principal and interest | $2,490 |
| Property taxes (0.79% a year) | $248 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| FHA mortgage insurance | $167 |
| Total per month | $3,061 |
Change the numbers in the calculator
Questions about home buying in Bayport
What is the median home value in Bayport?
About $376,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bayport?
Homeowners pay a median $2,987 a year, which is about 0.79% 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 Bayport?
For the median home with 20% down at 7.11%, the payment is about $2,434 a month. Keeping that under 28% of gross income takes about $104,293 a year.
More about Bayport
- Mortgage Refinance in Bayport
- Debt Relief in Bayport
- Home Equity Loans in Bayport
- 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