What income do you need to buy a house in Cologne, MN?

It takes about $119,000/yr to afford the typical Cologne, MN home ($403K, +1.5% past year) at today's rates. Starter homes run around $325K. See if you can afford a house in Cologne (2026 data) — free, no signup.

Market snapshot (2026-09)

• Income needed to buy the typical home: about $119,000/yr (28% front-end ratio, 20% down, 7.24% 30-yr fixed, MN property tax and insurance)
• Typical home value: $403K (Zillow ZHVI, 2026-09)
• 1-year change: +1.5%
• Bottom 35% of homes: $325K
• Top 35% of homes start around: $489K
• Median household income: $129K
• Price-to-income ratio: 3.1
• Estimated payment on the typical home: $2,195/mo principal & interest (20% down, 7.24% 30-yr fixed)

Nearby housing markets

• Waconia, MN — typical home $464K
• Carver, MN — typical home $501K
• Victoria, MN — typical home $622K
• Chaska, MN — typical home $482K
• Jordan, MN — typical home $439K
• Belle Plaine, MN — typical home $350K

The most affordable cities to buy a house in Minnesota

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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