Mortgage payment estimates, closing cost breakdowns, and homebuying data for Plymouth, Minnesota.
Pre-filled with Plymouth median home price and Minnesota tax/insurance rates. Adjust for your property.
Estimated closing costs based on Minnesota rates and fees applied to Plymouth prices.
The median home price in Plymouth is $415,000, 24% above the Minnesota state median of $335,000. With a population of 81,026, Plymouth 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 $415,000 home in Plymouth would carry roughly $387/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Plymouth is $1,620/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.
Plymouth is a higher-cost market. At $415K median, buyers need significant savings or strong income. Down payment assistance through Minnesota's Minnesota Housing Start Up program becomes especially important.