Ramsey County, Minnesota: What It Costs to Buy a Home
The median home in Ramsey County is worth $304,900, property taxes on it run about $3,767 a year (1.24%), the FHA loan limit is $552,000, and closing on it means about $1,036 in transfer tax plus $1,176 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $304,900 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $3,767 a year, 1.24% of value | Property tax page → |
| FHA loan limit (1 unit) | $552,000 | Loan limits page → |
| Conforming loan limit (1 unit) | $832,750 | Loan limits page → |
| Transfer tax on the median home | $1,036 (incl. Ramsey County Environmental Response Fund (ERF) surcharge) | Minnesota transfer tax page → |
| Title insurance on the median home | $1,026 owner's + $150 lender's | Title insurance page → |
| Recording fees (deed + mortgage) | $92 | Recording fees page → |
| Closing costs from these items | $2,304 | Closing costs page → |
| Area median income (HUD, family of 4) | $131,500; low-income limit $105,200 | Income limits page → |
Frequently asked questions
How much do homes cost in Ramsey County?
The median owner-occupied home in Ramsey County is valued at $304,900, per U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units).
How much are property taxes in Ramsey County?
The median Ramsey County homeowner pays $3,767 a year in real estate taxes, about 1.24% of the median home value ($3,766 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Ramsey County?
$552,000 for a one-unit home in 2026 (a high-cost limit above the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $832,750, per FHFA.
What does it cost to close on a home in Ramsey County?
On the $304,900 median home: transfer tax $1,036, title insurance $1,176 for both policies, recording fees about $92, about $2,304 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Ramsey County?
HUD's FY 2026 median family income for Ramsey County (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) is $131,500. A family of four counts as low income below $105,200 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby Minnesota counties
- Pipestone County $126,700
- Polk County $211,100
- Pope County $242,800
- Red Lake County $157,200
- Redwood County $150,400
- Renville County $151,900
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
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General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
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