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City · 14,680 residents · McLeod County, Minnesota

Hutchinson , Minnesota

In Hutchinson, a typical home is worth $229,600 and typical rent is $940 a month. Compared with all of McLeod County, typical household income is 9% lower, the typical home value is 7% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $229,600

    7% below the county

    30% below Minnesota

    • Hutchinson
    • McLeod
    • Minnesota

  • Typical rent

    $940a month

    About the same as the county

    27% below Minnesota

    • Hutchinson
    • McLeod
    • Minnesota

  • Typical household income

    $72,836a year

    9% below the county

    18% below Minnesota

    • Hutchinson
    • McLeod
    • Minnesota

  • Households that own their home

    69%

    9 points below the county

    4 points below Minnesota

    • Hutchinson
    • McLeod
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$297,863
1.9% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hutchinson is in McLeod County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of McLeod County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hutchinson apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Litchfield, the typical home value is $187,600: 18% less than in Hutchinson ($229,600).

  2. 69% of households in Hutchinson own their home, against 77% in McLeod County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hutchinson

What homes there are in Hutchinson, 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

In Hutchinson, 5 in 10 homes are single-family detached houses; in McLeod County, 7.

Year built

The typical home in Hutchinson was built in 1984, 5 years after the typical one in McLeod County.

There are fewer big homes in Hutchinson than in McLeod County: 51% have 3 bedrooms or more, against 64%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Hutchinson sit under the FHA limit for McLeod County ($541,287): about 95%.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for McLeod County is $1,073: about 63% of rents in Hutchinson are below it.

With a mortgage

$1,478 a month

McLeod County: $1,650 a month

Without a mortgage

$637 a month

McLeod County: $662 a month

Owners with a mortgage

59%

McLeod County: 59%

Owning costs less in Hutchinson: with a mortgage, the typical cost is $1,478 a month; in McLeod County, $1,650. Without one, $637.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Hutchinson rose 54%; in McLeod County, it rose 49%.

Since 2015–2019, the typical rent in Hutchinson rose 13%, less than in McLeod County (21%).

The typical household income in Hutchinson rose 26% over that time; home values changed +54% and rent +13%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHutchinsonMcLeod CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.3%3.4%
People per household 2.202.372.432.53
Drive alone 76%79%69%69%
Carpool 7%7%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike 6%4%3%3%
Work from home 10%9%18%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.20 on average, against 2.37 in McLeod County.

To get to work, 76% of workers in Hutchinson drive alone; in McLeod County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hutchinson?

A typical home is tight for the typical income

We start with a typical home in Hutchinson, worth $229,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Hutchinson, which is $72,836 a year. For that payment to be 28% of income, a household would need to earn about $84,236 a year.

The calculator's FHA and conventional loan limits are those of all of McLeod County.

Your numbers

Local data
$

Starts at the typical home value in Hutchinson. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,036 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,966

at 7.18% · 30 years

Loan amount
$225,441
Total interest
$324,357
Paid off in
November 2056

Includes $3,877 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,700 a month

  • Tight

    $1,700 to $2,185 a month

    Your payment · 32%

  • Hard

    more than $2,185 a month

Compared with the typical household income in Hutchinson ($72,836 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,966
Principal & interest$1,527
Property tax$241
Home insurance$96
FHA mortgage insurance (MIP)$102

You need at least $8,036 for the down payment, plus closing costs.

Next step

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.

The city and its county

Hutchinson and McLeod County

Hutchinson is in McLeod 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).

Hutchinson's own numbers

Typical home value
$229,600
Typical monthly rent
$940
Typical yearly household income
$72,836
Households that own their home
69%
Effective property tax rate
1.26%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of McLeod County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,073
Price change over 5 years (FHFA)
+43%
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 McLeod County.

Everything about McLeod County

Buying

Buying a home in Hutchinson

A typical home in Hutchinson is worth $229,600: 7% below the county and 30% below Minnesota. With the typical household income in Hutchinson ($72,836 a year), a typical home costs 3.2 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.

  • Hutchinson 3.2 years
  • McLeod 3.1 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in McLeod County

According to FHFA’s house price index, home prices in McLeod County rose 84% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of McLeod County.

Period County Minnesota U.S.
Last year (2025) +0.2% +2.8% +2.9%
5 years (2020–2025) +43% +37% +47%
10 years (2015–2025) +84% +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

Hutchinson next to McLeod 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
  • Hutchinson $229,600
  • McLeod $246,100
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Hutchinson $940
  • McLeod $941
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Hutchinson $72,836
  • McLeod $80,084
  • Minnesota $89,062
  • United States $80,734
See the full table
Hutchinson next to McLeod County and Minnesota
Measure Hutchinson McLeod County Minnesota U.S.
Typical home value $229,600 $246,100 $329,300 $332,700
Typical monthly rent $940 $941 $1,280 $1,413
Typical yearly household income $72,836 $80,084 $89,062 $80,734
Households that own their home 69% 77% 72% 65%
Typical yearly property tax $2,889 $2,840 $3,357 $3,119
Effective property tax rate 1.26% 1.15% 1.02% 0.94%
Renters with high rent for their income 43% 40% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below McLeod 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 Hutchinson

For a typical $229,600 home in Hutchinson, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hutchinson's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,966a month

    Least cash to close
    Down payment
    $8,036
    Cash to close
    $14,924
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $102

  • Conventional, 5% down $1,923a month

    Down payment
    $11,480
    Cash to close
    $18,368
    Rate
    7.18%
    Mortgage insurance
    PMI · $109

  • Conventional, 20% down, no PMI $1,581a month

    Down payment
    $45,920
    Cash to close
    $52,808
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,793a month

    Down payment
    $34,440
    Cash to close
    $41,328
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% 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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hutchinson and for McLeod County.

Property tax

Effective rate in Hutchinson

1.26%of the home’s value each year

$2,889 a year for the typical owner in Hutchinson.

  • Hutchinson 1.26%
  • McLeod 1.15%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in McLeod County

FEMA does not publish these numbers by city: they are for all of McLeod County.

Homes in the high-risk zone
0.7%
108
Of those, with NFIP insurance
18%
County Minnesota U.S.
Homes in the high-risk zone 0.7% 0.7% 3.5%
Of those, with NFIP insurance 18% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hutchinson

Typical rent in Hutchinson is $940 a month: about the same as the county. In Hutchinson, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of McLeod County, by unit size. To pay the 2-bedroom one ($1,073 a month) without spending more than 30% of your income, you would need to earn $20.63 an hour working full time.

HUD fair market rent for all of McLeod County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $882 $16.96 $35,280
1 bedroom $951 $18.29 $38,040
2 bedrooms $1,073 $20.63 $42,920
3 bedrooms $1,278 $24.58 $51,120
4 bedrooms $1,593 $30.63 $63,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hutchinson

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hutchinson is in ZIP code 55350.

For 2 bedrooms it is $1,090: $17 more than the fair market rent for McLeod County ($1,073).

  • 55350 $1,090$1,300

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hutchinson when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Hutchinson

HUD lists 5 buildings with rents for lower incomes in Hutchinson. These are the largest.

  • Park Towers Hutchinson RAD Conversion 133 3rd Ave SW, Hutchinson 55350 101 low-income homes · For families
  • Evergreen Apts -- Hutchinson 115 Jefferson St SE, Hutchinson 55350 62 low-income homes · For older adults (320) 587-9432
  • Clinton House Apts. 550 Clinton Ave SW, Hutchinson 55350 52 low-income homes · For families (320) 587-5458
  • Huski Townhomes Multiple Building Addresses, Hutchinson 55350 32 homes, 31 low-income · 3 bd: 31 · In service since 1997
  • Valley View Apts -- (hutchinson) 215 4th Ave NE, Hutchinson 55350 60 homes, 24 low-income · For families (320) 587-7610

See all 9 buildings in McLeod County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hutchinson

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.

We found no HUD-approved agencies with an office in McLeod County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Hutchinson

No down payment, repair or rent-help program on our list is for Hutchinson or McLeod County. The ones below are statewide in Minnesota: they work in Hutchinson the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    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).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    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).

    Repayable

    See the program Official page

Housing counselors near Hutchinson

The HUD-approved agencies closest to the center of Hutchinson, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lutheran Social Service of Minnesota

    1601 Hwy 12 E, Willmar · 36 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

  • Scott County Community Development Agency

    100 5th Ave E, Shakopee · 42 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (952) 402-9022

  • Community Action Partnership of Hennepin County

    7101 Northland Cir N, Brooklyn Park · 50 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (952) 697-1303

All counseling agencies in Minnesota

Help in Spanish near Hutchinson

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hutchinson

HUD’s record names them for Hutchinson or McLeod County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Minnesota Source: HUD

Cities

Other cities in McLeod County

These cities are also in McLeod County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about McLeod County Housing in Minnesota

Nearby cities

The cities closest to Hutchinson, with the typical home value.

Neighboring counties

If McLeod County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hutchinson.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Hutchinson

Short answers with the numbers for Hutchinson and all of McLeod 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 Hutchinson?

The typical home value in Hutchinson is $229,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in McLeod County it is $246,100.

How much does it cost to rent in Hutchinson?

Typical rent in Hutchinson is $940 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in McLeod County is $1,073.

What is the FHA loan limit in Hutchinson?

Hutchinson uses the FHA limit for all of McLeod County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Hutchinson?

The typical homeowner in Hutchinson pays $2,889 a year, according to the U.S. Census Bureau. That is 1.26% of the home’s value; in McLeod County, the rate is 1.15%.

Where can I find free help to buy or rent in Hutchinson?

We found no HUD-approved counseling agencies with an office in McLeod County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).