|Minnesota Real Estate at a Glance:|
|Population:||5,379,139||Est. % of all sales that are short-sales:||20%|
|Land Mass in Square Miles:||86,938.87||Property Taxes % of Home Value:||1.05%|
|Median Home Value:||$200,400|
Above are Minnesota’s average home loan interest rates for today and last week.
Minnesota has a land mass of nearly 87,000 square miles, a population of 5.4 million people, and a property tax rate of 1.05 percent of a home’s value. Minnesota’s median property value is at $200,400, and of the properties for sale, 20 percent of those are short sales (as of Q3 2012).
Review the chart above for today’s mortgage rates in Minnesota. You can compare these rates with the national averages here.