In Credit River, a typical home is worth $595,000. Compared with all of Scott County, the typical home value is 42% higher, typical household income is 20% higher, and the share of households that own their home is 14 points higher.
Credit River is in Scott County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Scott County. See the county
What this place has that others do not, from public data, most unusual first.
1
Credit River has the 2nd highest homeownership rate of the 152 cities in Minnesota with more than 5,000 people (98%).
2
Nearby, in Burnsville, the typical home value is $355,200: 40% less than in Credit River ($595,000).
3
The typical home in Credit River is worth $595,000,42% more than in Scott County as a whole ($419,400).
4
The typical household income in Credit River is $143,125,20% more than in Scott County as a whole ($119,314).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Credit River
What homes there are in Credit River, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Credit River
Scott County
Minnesota
United States
Kind of home: Credit River and its comparisons
Measure
Credit River
Scott County
Minnesota
United States
Detached house
98%
71%
66%
61%
Attached house
Unreliable estimate
16%
7%
6%
Building of 2 to 4
Unreliable estimate
2%
4%
8%
Apartments (5 or more)
Unreliable estimate
10%
19%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 98% of homes here, against 71% in Scott County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Credit River
Scott County
Minnesota
United States
Year built: Credit River and its comparisons
Measure
Credit River
Scott County
Minnesota
United States
Before 1960
11%
9%
29%
26%
1960–1979
30%
14%
23%
24%
1980–1999
24%
34%
24%
25%
2000–2009
22%
27%
13%
14%
2010 or later
13%
16%
10%
11%
In Credit River, 94% of homes have 3 bedrooms or more, more than in Scott County (77%).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K25%
$500K–$750K31%
$750K–$1M20%
$1M or more11%
Value of owner-occupied homes: Credit River and its comparisons
Measure
Credit River
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
25%
$500K–$750K
31%
$750K–$1M
20%
$1M or more
11%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Credit River and its comparisons
Measure
Credit River
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$2,763 a month
Scott County: $2,329 a month
Without a mortgage
$873 a month
Scott County: $773 a month
Owners with a mortgage
77%
Scott County: 72%
The typical cost for an owner with a mortgage in Credit River is $2,763 a month, more than in Scott County ($2,329); without one, $873.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Credit RiverBoundaries changed
Scott County+40%
Minnesota+47%
United States+53%
Typical rent
Credit RiverBoundaries changed
Scott County+34%
Minnesota+31%
United States+33%
Typical household income
Credit RiverBoundaries changed
Scott County+17%
Minnesota+25%
United States+29%
Change since 2015–2019: Credit River and its comparisons
Measure
Credit River
Scott County
Minnesota
United States
Typical home value
Boundaries changed
+40%
+47%
+53%
Typical rent
Boundaries changed
+34%
+31%
+33%
Typical household income
Boundaries changed
+17%
+25%
+29%
The boundaries of Credit River changed since 2015–2019, so the Census does not compare its figures from then and now. In Scott County, the typical home value rose 40%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Credit River and its comparisons
Measure
Credit River
Scott County
Minnesota
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.3%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.6%
0.9%
More than one person per room
Unreliable estimate
1.7%
2.3%
3.4%
People per household
2.85
2.78
2.43
2.53
Drive alone
72%
71%
69%
69%
Carpool
Unreliable estimate
7%
8%
9%
Public transit
Unreliable estimate
0%
2%
3%
Walk or bike
Unreliable estimate
1%
3%
3%
Work from home
17%
20%
18%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Credit River look like those in Scott County: 2.85 people on average.
To get to work, 72% of workers in Credit River drive alone; in Scott County, 71%.
Do the math
What would you pay each month for a home in Credit River?
A typical home costs more than the typical income allows
We start with a typical home in Credit River, worth $595,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Credit River, which is $143,125 a year. For that payment to be 28% of income, a household would need to earn about $209,158 a year. Note: at that price the loan is above the FHA limit for Scott County ($552,000), so FHA would not insure it; the payment is only a reference.
The calculator's FHA and conventional loan limits are those of all of Scott County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Credit River. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $20,825 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,880
at 7.18% · 30 years
Loan amount
$584,223
Total interest
$840,560
Paid off in
November 2056
Includes $10,048 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $3,340 a month
Tight
$3,340 to $4,294 a month
Hard
more than $4,294 a month
Your payment · 41%
Compared with the typical household income in Credit River ($143,125 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,958
Property tax
$412
Home insurance
$248
FHA mortgage insurance (MIP)
$263
This loan is over the FHA limit
You'd borrow $574,175, but the FHA limit for a one-unit home in Credit River is $552,000. You'd need a bigger down payment or a different loan.
You need at least $20,825 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,880; principal and interest $3,958.
The city and its county
Credit River and Scott County
Credit River is in Scott County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Credit River
Map of Scott County, Minnesota, with Credit River marked. Around it, the neighboring counties.
Credit River
Scott County
Other cities with a page
Credit River's own numbers
Typical home value
$595,000
Typical yearly household income
$143,125
Households that own their home
98%
Effective property tax rate
0.83%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Scott County
FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
0.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Scott County.
A typical home in Credit River is worth $595,000: 42% above the county and 81% above Minnesota. With the typical household income in Credit River ($143,125 a year), a typical home costs 4.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Credit River4.2 years
Scott3.5 years
Minnesota3.7 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Scott County
According to FHFA’s house price index, home prices in Scott County rose 66% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Scott County.
Yearly change in FHFA’s price index in Scott County, 2016 to 2025
2016: +4.7% +4.7% 2016
2017: +5.0% +5.0% 2017
2018: +5.4% +5.4% 2018
2019: +3.5% +3.5% 2019
2020: +2.9% +2.9% 2020
2021: +9.7% +9.7% 2021
2022: +13.6% +13.6% 2022
2023: +3.4% +3.4% 2023
2024: +2.3% +2.3% 2024
2025: +2.4% +2.4% 2025
Change in FHFA’s price index in Scott County, Minnesota and the United States
Period
County
Minnesota
U.S.
Last year (2025)
+2.4%
+2.8%
+2.9%
5 years (2020–2025)
+35%
+37%
+47%
10 years (2015–2025)
+66%
+71%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Credit River next to Scott County, Minnesota and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Credit River$595,000
Scott$419,400
Minnesota$329,300
United States$332,700
Typical yearly household income
Credit River$143,125
Scott$119,314
Minnesota$89,062
United States$80,734
See the full table
Credit River next to Scott County and Minnesota
Measure
Credit River
Scott County
Minnesota
U.S.
Typical home value
$595,000 ▲42% above the county
$419,400
$329,300
$332,700
Typical yearly household income
$143,125 ▲20% above the county
$119,314
$89,062
$80,734
Households that own their home
98% ▲14 points above the county
84%
72%
65%
Typical yearly property tax
$4,934 ▲17% above the county
$4,230
$3,357
$3,119
Effective property tax rate
0.83% ▼0.18 points below the county
1.01%
1.02%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Scott County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Credit River
For a typical $595,000 home in Credit River, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Credit River's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,880a month
Above the FHA limit for Scott County ($552,000)
Down payment
$20,825
Cash to close
$38,675
Rate
7.18%
Mortgage insurance
FHA MIP · $263
Conventional, 5% down$4,771a month
Least cash to close
Down payment
$29,750
Cash to close
$47,600
Rate
7.18%
Mortgage insurance
PMI · $283
Conventional, 20% down, no PMI$3,884a month
Down payment
$119,000
Cash to close
$136,850
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,434a month
Down payment
$89,250
Cash to close
$107,100
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Credit River
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Scott County ($552,000)
$4,880
$20,825
$584,223
7.18%
FHA MIP · $263
$38,675
580
Conventional, 5% down Least cash to close
$4,771
$29,750
$565,250
7.18%
PMI · $283
$47,600
620*
Conventional, 20% down, no PMI
$3,884
$119,000
$476,000
7.18%
None
$136,850
620*
ITIN, 15% down (example)
$4,434
$89,250
$505,750
8.18%
None
$107,100
Set by the lender
The option that asks for the least cash to close is Conventional, 5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
The Census Bureau publishes no typical rent for Credit River. Below are the fair market rents for Scott County.
HUD publishes a fair market rent for all of Scott County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Scott County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,265
$24.33
$50,600
1 bedroom
$1,427
$27.44
$57,080
2 bedrooms
$1,734
$33.35
$69,360
3 bedrooms
$2,264
$43.54
$90,560
4 bedrooms
$2,538
$48.81
$101,520
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
Free help
Help to buy or rent in Credit River
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Scott County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Credit River or Scott County. The ones below are statewide in Minnesota: they work in Credit River the same as in the rest of the state.
Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
The HUD-approved agencies closest to the center of Credit River, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Credit River or Scott County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Credit River and all of Scott County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Credit River?
The typical home value in Credit River is $595,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Scott County it is $419,400.
What is the FHA loan limit in Credit River?
Credit River uses the FHA limit for all of Scott County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.
How much property tax do owners pay in Credit River?
The typical homeowner in Credit River pays $4,934 a year, according to the U.S. Census Bureau. That is 0.83% of the home’s value; in Scott County, the rate is 1.01%.
Where can I find free help to buy or rent in Credit River?
There is 1 HUD-approved counseling agency with an office in Scott County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
