Mortgage payment estimates, closing cost breakdowns, and homebuying data for Eagan, Minnesota.
Median Home Price
$365K
Population
68K
Avg Monthly Rent
$1,480
Property Tax Rate
1.12% *
* Property tax shown is the Minnesota state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Eagan.
Eagan vs Minnesota Median
The median home price in Eagan is $365,000, which is 9% above the Minnesota state median of $335,000.
Mortgage Calculator — Eagan, MN
Pre-filled with Eagan median home price and Minnesota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $365K home using Minnesota's 1.12% tax rate and $2,100/yr insurance.
5% Down
$2,910/mo
Down: $18,250
Loan: $347K
P&I: $2,192
Tax: $341
Insurance: $175
PMI: $202
10% Down
$2,784/mo
Down: $36,500
Loan: $329K
P&I: $2,076
Tax: $341
Insurance: $175
PMI: $192
20% Down (No PMI)
$2,361/mo
Down: $73,000
Loan: $292K
P&I: $1,846
Tax: $341
Insurance: $175
Income needed (28% rule): $101K/year with 20% down, $119K/year with 10% down.
Rent vs Buy in Eagan
Rent
$1,480/mo
vs
Buy (10% down)
$2,784/mo
Price-to-rent ratio: 20.6 — At a ratio above 20, renting may be more economical in Eagan for shorter stays. Buying costs $1,304 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Eagan is $365,000, 9% above the Minnesota state median of $335,000. With a population of 68,494, Eagan is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Minnesota average 1.12% annually. This moderate property tax rate means a $365,000 home in Eagan would carry roughly $341/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Eagan is $1,480/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Eagan presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Eagan.