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

It takes about $38,000/yr to afford the typical Nashwauk, MN home ($132K, +0.9% past year) at today's rates. Starter homes run around $84K. See if you can afford a house in Nashwauk (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $38,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, MN property tax and insurance)
• Typical home value: $132K (Zillow ZHVI, 2026-07)
• 1-year change: +0.9%
• Bottom 35% of homes: $84K
• Top 35% of homes start around: $215K
• Median household income: $58K
• Price-to-income ratio: 2.3
• Estimated payment on the typical home: $687/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Hibbing, MN — typical home $168K
• Grand Rapids, MN — typical home $289K
• Virginia, MN — typical home $134K
• Cloquet, MN — typical home $273K
• Hermantown, MN — typical home $443K
• Duluth, MN — typical home $303K

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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