Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

55430 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 55430 with localized property taxes, insurance, and utility data.

← Back to ZIP Code 55430 Hub
Est. Total Monthly Cost
$2,070
P&I Payment$1,519
Taxes & Ins$375
Utilities$177
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this 55430 scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$284,098
Local Median: $284,098
$56,820 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$2,070

Monthly Breakdown

Principal & Interest
$1,519
Property Taxes
$266
Homeowners Ins.
$109
Utilities
$177

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$319,604

Local Housing Facts for ZIP Code 55430

  • ·Median home value: $284,098 (adjusted for current market conditions)
  • ·Est. property taxes: $3,186/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,308/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,121/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in MINNEAPOLIS?

Based on the local median home value, estimated real estate property taxes in MINNEAPOLIS are around $3,186 per year.

What is the average home price in MINNEAPOLIS?

The median home value in MINNEAPOLIS is currently estimated at $284,098.

How much does homeowners insurance cost in MINNEAPOLIS?

For a median priced home, homeowners insurance in MINNEAPOLIS averages around $1,308 annually.

What is the true total cost of owning a home in MINNEAPOLIS?

True homeownership costs go beyond principal and interest. In MINNEAPOLIS, a typical homeowner with a median-priced home of $284,098 can expect to pay roughly $3,186/yr in property taxes, $1,308/yr for homeowners insurance, and $2,121/yr in energy utilities. That adds approximately $551 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.