Mortgage Calculator & Closing Costs: St. Cloud, MN
Mortgage payment estimates, closing cost breakdowns, and homebuying data for St. Cloud, Minnesota.
Median Home Price
$225K
Population
69K
Avg Monthly Rent
$980
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 St. Cloud.
St. Cloud vs Minnesota Median
The median home price in St. Cloud is $225,000, which is 33% below the Minnesota state median of $335,000.
Mortgage Calculator — St. Cloud, MN
Pre-filled with St. Cloud median home price and Minnesota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $225K home using Minnesota's 1.12% tax rate and $2,100/yr insurance.
5% Down
$1,861/mo
Down: $11,250
Loan: $214K
P&I: $1,351
Tax: $210
Insurance: $175
PMI: $125
10% Down
$1,783/mo
Down: $22,500
Loan: $203K
P&I: $1,280
Tax: $210
Insurance: $175
PMI: $118
20% Down (No PMI)
$1,523/mo
Down: $45,000
Loan: $180K
P&I: $1,138
Tax: $210
Insurance: $175
Income needed (28% rule): $65K/year with 20% down, $76K/year with 10% down.
Rent vs Buy in St. Cloud
Rent
$980/mo
vs
Buy (10% down)
$1,783/mo
Price-to-rent ratio: 19.1 — A ratio between 15-20 means the rent vs buy decision in St. Cloud depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in St. Cloud is $225,000, 33% below the Minnesota state median of $335,000. With a population of 68,881, St. Cloud is a smaller market where home prices tend to be more accessible than in many parts of Minnesota.
Property taxes in Minnesota average 1.12% annually. This moderate property tax rate means a $225,000 home in St. Cloud would carry roughly $210/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in St. Cloud is $980/month. The price-to-rent ratio in St. Cloud is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
St. Cloud offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Minnesota's Minnesota Housing Start Up program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in St. Cloud.