Mortgage payment estimates, closing cost breakdowns, and homebuying data for Moorhead, Minnesota.
Pre-filled with Moorhead median home price and Minnesota tax/insurance rates. Adjust for your property.
Estimated closing costs based on Minnesota rates and fees applied to Moorhead prices.
The median home price in Moorhead is $265,000, 21% below the Minnesota state median of $335,000. With a population of 44,505, Moorhead 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 $265,000 home in Moorhead would carry roughly $247/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Moorhead is $1,080/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.
Moorhead presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.