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City · 6,968 residents · Hennepin County, Minnesota

Medina , Minnesota

In Medina, a typical home is worth $736,700 and typical rent is $1,429 a month. Compared with all of Hennepin County, typical household income is 136% higher, the typical home value is 88% higher, and the share of households that own their home is 29 points higher.

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  • Typical home value

    $736,700

    88% above the county

    124% above Minnesota

    • Medina
    • Hennepin
    • Minnesota

  • Typical rent

    $1,429a month

    4% below the county

    12% above Minnesota

    • Medina
    • Hennepin
    • Minnesota

  • Typical household income

    $230,859a year

    136% above the county

    159% above Minnesota

    • Medina
    • Hennepin
    • Minnesota

  • Households that own their home

    92%

    29 points above the county

    20 points above Minnesota

    • Medina
    • Hennepin
    • Minnesota

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

Market now, with Zillow data

Zillow data
Typical home value
$840,236
1.5% more than 12 months ago

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

Medina is in Hennepin 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 Hennepin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Medina apart

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

  1. 92% of households in Medina own their home, against 63% in Hennepin County.

  2. Medina has the 2nd highest typical household income of the 152 cities in Minnesota with more than 5,000 people ($230,859).

  3. The typical home in Medina is worth $736,700, 88% more than in Hennepin County as a whole ($392,900).

  4. Nearby, in Mound, the typical home value is $370,800: 50% less than in Medina ($736,700).

  5. Nearby, in Mound, the typical rent is $1,098: 23% less than in Medina ($1,429).

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

The homes here

Housing in Medina

What homes there are in Medina, 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

The detached house rules in Medina: 82% of homes, more than in Hennepin County (52%).

Year built

Here half of the homes date from 2000 or later; in Hennepin County, from 1973 or later.

There is more room for a big family here: 86% of homes have 3 bedrooms or more, against 52% in Hennepin County.

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
Monthly rent with utilities

With a mortgage

$3,518 a month

Hennepin County: $2,255 a month

Without a mortgage

$1,130 a month

Hennepin County: $853 a month

Owners with a mortgage

71%

Hennepin County: 69%

Owning costs more in Medina: with a mortgage, the typical cost is $3,518 a month; in Hennepin County, $2,255. Without one, $1,130.

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 Medina rose 22%; in Hennepin County, it rose 42%.

Since 2015–2019, the typical rent in Medina did not change clearly, according to the Census.

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

MeasureMedinaHennepin CountyMinnesotaUnited States
Rental vacancy Unreliable estimate5.9%5.3%5.5%
Homeowner vacancy Unreliable estimate0.6%0.6%0.9%
More than one person per room Unreliable estimate2.7%2.3%3.4%
People per household 2.982.302.432.53
Drive alone 51%60%69%69%
Carpool Unreliable estimate6%8%9%
Public transit Unreliable estimate4%2%3%
Walk or bike Unreliable estimate4%3%3%
Work from home 42%25%18%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Medina has 2.98 people, more than in Hennepin County (2.30).

Working from home is more common in Medina: 42%, against 25% in Hennepin County.

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 Medina?

A typical home is tight for the typical income

We start with a typical home in Medina, worth $736,700, 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 Medina, which is $230,859 a year. For that payment to be 28% of income, a household would need to earn about $264,494 a year. Note: at that price the loan is above the FHA limit for Hennepin 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 Hennepin County.

Your numbers

Local data
$

Starts at the typical home value in Medina. 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 $25,785 (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

$6,172

at 7.18% · 30 years

Loan amount
$723,356
Total interest
$1,040,740
Paid off in
November 2056

Includes $12,441 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $5,387 a month

  • Tight

    $5,387 to $6,926 a month

    Your payment · 32%

  • Hard

    more than $6,926 a month

Compared with the typical household income in Medina ($230,859 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$6,172
Principal & interest$4,900
Property tax$639
Home insurance$307
FHA mortgage insurance (MIP)$326

This loan is over the FHA limit

You'd borrow $710,915, but the FHA limit for a one-unit home in Medina is $552,000. You'd need a bigger down payment or a different loan.

You need at least $25,785 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

Medina and Hennepin County

Medina is in Hennepin 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).

Medina's own numbers

Typical home value
$736,700
Typical monthly rent
$1,429
Typical yearly household income
$230,859
Households that own their home
92%
Effective property tax rate
1.04%

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

Numbers for all of Hennepin 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)
+30%
Homes in a high flood-risk zone
0.5%

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 Hennepin County.

Everything about Hennepin County

Buying

Buying a home in Medina

A typical home in Medina is worth $736,700: 88% above the county and 124% above Minnesota. With the typical household income in Medina ($230,859 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.

  • Medina 3.2 years
  • Hennepin 4.0 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hennepin County

According to FHFA’s house price index, home prices in Hennepin County rose 65% in the 10 years through 2025.

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

Period County Minnesota U.S.
Last year (2025) +3.0% +2.8% +2.9%
5 years (2020–2025) +30% +37% +47%
10 years (2015–2025) +65% +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

Medina next to Hennepin 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
  • Medina $736,700
  • Hennepin $392,900
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Medina $1,429
  • Hennepin $1,487
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Medina $230,859
  • Hennepin $97,653
  • Minnesota $89,062
  • United States $80,734
See the full table
Medina next to Hennepin County and Minnesota
Measure Medina Hennepin County Minnesota U.S.
Typical home value $736,700 $392,900 $329,300 $332,700
Typical monthly rent $1,429 $1,487 $1,280 $1,413
Typical yearly household income $230,859 $97,653 $89,062 $80,734
Households that own their home 92% 63% 72% 65%
Typical yearly property tax $7,666 $4,480 $3,357 $3,119
Effective property tax rate 1.04% 1.14% 1.02% 0.94%

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

For a typical $736,700 home in Medina, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Medina's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $6,172a month

    Above the FHA limit for Hennepin County ($552,000)
    Down payment
    $25,785
    Cash to close
    $47,886
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $326

  • Conventional, 5% down $6,036a month

    Least cash to close
    Down payment
    $36,835
    Cash to close
    $58,936
    Rate
    7.18%
    Mortgage insurance
    PMI · $350

  • Conventional, 20% down, no PMI $4,938a month

    Down payment
    $147,340
    Cash to close
    $169,441
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,619a month

    Down payment
    $110,505
    Cash to close
    $132,606
    Rate
    8.18%
    Mortgage insurance
    None

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.

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 Medina and for Hennepin County.

Property tax

Effective rate in Medina

1.04%of the home’s value each year

$7,666 a year for the typical owner in Medina.

  • Medina 1.04%
  • Hennepin 1.14%
  • 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 Hennepin County

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

Homes in the high-risk zone
0.5%
1,992
Of those, with NFIP insurance
15%
County Minnesota U.S.
Homes in the high-risk zone 0.5% 0.7% 3.5%
Of those, with NFIP insurance 15% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Medina

Typical rent in Medina is $1,429 a month: 4% below the county.

HUD publishes a fair market rent for all of Hennepin 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.

HUD fair market rent for all of Hennepin 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 $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

By ZIP code

Fair market rent by ZIP code in Medina

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Medina has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,880 in 55340 to $2,220 in 55356.

2 of the 2 are above the fair market rent for Hennepin County ($1,734).

  • 55340 $1,880$2,450
  • 55356 $2,220$2,900

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Medina 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 Medina

HUD lists one building with rents for lower incomes in Medina.

  • Medina 541 Clydesdale Cir, Medina 55340 26 low-income homes · 2 bd: 4 · 3 bd: 16 · 4 bd: 6 · In service since 2016 · For families

See all 329 buildings in Hennepin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Medina

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 are 8 HUD-approved agencies with an office in Hennepin County; 3 say they serve in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Medina

No down payment, repair or rent-help program on our list is for Medina or Hennepin County. The ones below are statewide in Minnesota: they work in Medina 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 Medina

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

  • Community Action Partnership of Hennepin County

    7101 Northland Cir N, Brooklyn Park · 9 miles away

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

  • Capi USA

    5930 Brooklyn Blvd, Brooklyn Center · 12 miles away · Spanish

    Also serves in Hmong.

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (612) 721-0122

  • NSC (naca Counseling Subsidiary) - Minneapolis, MN

    6300 Shingle Creek Pkwy Ste 145, Brooklyn Center · 13 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (763) 656-6222

Every agency in Hennepin County All counseling agencies in Minnesota

Help in Spanish near Medina

2 of the 3 agencies on this list say they serve 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 Medina

In HUD’s record, no housing authority with an office in Hennepin County is named for Medina or Hennepin County.

7 other authorities have an office in Hennepin County: see the list Source: HUD

Cities

Other cities in Hennepin County

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

Everything about Hennepin County Housing in Minnesota
See 13 more cities in Hennepin County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

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

Neighboring counties

If Hennepin 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 Medina.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Medina

Short answers with the numbers for Medina and all of Hennepin 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 Medina?

The typical home value in Medina is $736,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hennepin County it is $392,900.

How much does it cost to rent in Medina?

Typical rent in Medina is $1,429 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hennepin County is $1,734.

What is the FHA loan limit in Medina?

Medina uses the FHA limit for all of Hennepin 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 Medina?

The typical homeowner in Medina pays $7,666 a year, according to the U.S. Census Bureau. That is 1.04% of the home’s value; in Hennepin County, the rate is 1.14%.

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

There are 8 HUD-approved counseling agencies with an office in Hennepin County. 3 say they serve in Spanish. 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).