Scott County, Minnesota: What It Costs to Buy a Home
The median home in Scott County is worth $393,500, property taxes on it run about $4,195 a year (1.07%), the FHA loan limit is $552,000, and closing on it means about $1,299 in transfer tax plus $1,421 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $393,500 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $4,195 a year, 1.07% 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 | $1,299 | Minnesota transfer tax page → |
| Title insurance on the median home | $1,271 owner's + $150 lender's | Title insurance page → |
| Closing costs from these items | $2,720 | 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 Scott County?
The median owner-occupied home in Scott County is valued at $393,500, 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 Scott County?
The median Scott County homeowner pays $4,195 a year in real estate taxes, about 1.07% of the median home value ($4,271 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Scott 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 Scott County?
On the $393,500 median home: transfer tax $1,299, title insurance $1,421 for both policies, about $2,720 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Scott County?
HUD's FY 2026 median family income for Scott 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
- Rice County $298,500
- Rock County $201,600
- Roseau County $177,100
- Sherburne County $332,700
- Sibley County $215,000
- St. Louis County $208,500
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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