Mortgage payment estimates, closing cost breakdowns, and homebuying data for Willmar, Minnesota.
Pre-filled with Willmar median home price and Minnesota tax/insurance rates. Adjust for your property.
Estimated closing costs based on Minnesota rates and fees applied to Willmar prices.
The median home price in Willmar is $205,000, 39% below the Minnesota state median of $335,000. With a population of 20,862, Willmar 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 $205,000 home in Willmar would carry roughly $191/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Willmar is $880/month. The price-to-rent ratio in Willmar is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Willmar 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.