City · 8,195 residents · Hennepin County, Minnesota
Orono, Minnesota
In Orono, a typical home is worth $1,004,500 and typical rent is $1,818 a month. Compared with all of Hennepin County, the typical home value is 156% higher, typical household income is 78% higher, and the share of households that own their home is 28 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $879,242 to $1,146,798.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Orono 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
What this place has that others do not, from public data, most unusual first.
1
Orono has the highest typical home value of the 152 cities in Minnesota with more than 5,000 people: $1,004,500.
2
91% of households in Orono own their home, against 63% in Hennepin County.
3
The typical household income in Orono is $173,527,78% more than in Hennepin County as a whole ($97,653).
4
Nearby, in Mound, the typical home value is $370,800: 63% less than in Orono ($1,004,500).
5
Nearby, in Mound, the typical rent is $1,098: 40% less than in Orono ($1,818).
6
According to Zillow, in the 12 months to September 2026 the typical home value in Orono rose 6.4%; in Minnesota, it rose 2.3%.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Orono
What homes there are in Orono, 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
Orono
Hennepin County
Minnesota
United States
Kind of home: Orono and its comparisons
Measure
Orono
Hennepin County
Minnesota
United States
Detached house
90%
52%
66%
61%
Attached house
Unreliable estimate
8%
7%
6%
Building of 2 to 4
Unreliable estimate
6%
4%
8%
Apartments (5 or more)
Unreliable estimate
34%
19%
19%
Mobile home
Unreliable estimate
0%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 90% of homes here, against 52% in Hennepin County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Orono
Hennepin County
Minnesota
United States
Year built: Orono and its comparisons
Measure
Orono
Hennepin County
Minnesota
United States
Before 1960
29%
36%
29%
26%
1960–1979
20%
24%
23%
24%
1980–1999
24%
21%
24%
25%
2000–2009
11%
8%
13%
14%
2010 or later
16%
11%
10%
11%
The typical home in Orono was built in 1982, 9 years after the typical one in Hennepin County.
In Orono, 83% of homes have 3 bedrooms or more, more than in Hennepin County (52%).
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–$300K5%
$300K–$500K14%
$500K–$750K14%
$750K–$1M15%
$1M or more50%
Value of owner-occupied homes: Orono and its comparisons
Measure
Orono
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
5%
$300K–$500K
14%
$500K–$750K
14%
$750K–$1M
15%
$1M or more
50%
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: Orono and its comparisons
Measure
Orono
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
Without a mortgage
$1,284 a month
Hennepin County: $853 a month
Owners with a mortgage
70%
Hennepin County: 69%
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Orono+48%
Hennepin County+42%
Minnesota+47%
United States+53%
Typical rent
OronoNo clear change
Hennepin County+31%
Minnesota+31%
United States+33%
Typical household income
OronoNo clear change
Hennepin County+25%
Minnesota+25%
United States+29%
Change since 2015–2019: Orono and its comparisons
Measure
Orono
Hennepin County
Minnesota
United States
Typical home value
+48%
+42%
+47%
+53%
Typical rent
No clear change
+31%
+31%
+33%
Typical household income
No clear change
+25%
+25%
+29%
From 2015–2019 to 2020–2024, the typical home value in Orono rose 48%; in Hennepin County, it rose 42%.
Rent in Orono moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Orono and its comparisons
Measure
Orono
Hennepin County
Minnesota
United States
Rental vacancy
Unreliable estimate
5.9%
5.3%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.6%
0.9%
More than one person per room
Unreliable estimate
2.7%
2.3%
3.4%
People per household
2.67
2.30
2.43
2.53
Drive alone
64%
60%
69%
69%
Carpool
Unreliable estimate
6%
8%
9%
Public transit
Unreliable estimate
4%
2%
3%
Walk or bike
Unreliable estimate
4%
3%
3%
Work from home
32%
25%
18%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Orono has 2.67 people, more than in Hennepin County (2.30).
Working from home is more common in Orono: 32%, against 25% in Hennepin County.
Do the math
What would you pay each month for a home in Orono?
A typical home costs more than the typical income allows
We start with a typical home in Orono, worth $1,004,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 58% of the typical household income in Orono, which is $173,527 a year. For that payment to be 28% of income, a household would need to earn about $361,467 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.
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 Orono. 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 $35,158 (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
$8,434
at 7.18% · 30 years
Loan amount
$986,305
Total interest
$1,419,062
Paid off in
November 2056
Includes $16,963 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $4,049 a month
Tight
$4,049 to $5,206 a month
Hard
more than $5,206 a month
Your payment · 58%
Compared with the typical household income in Orono ($173,527 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$6,682
Property tax
$728
Home insurance
$419
FHA mortgage insurance (MIP)
$606
This loan is over the FHA limit
You'd borrow $969,342, but the FHA limit for a one-unit home in Orono is $552,000. You'd need a bigger down payment or a different loan.
You need at least $35,158 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 $8,434; principal and interest $6,682.
The city and its county
Orono and Hennepin County
Orono 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).
Orono
Map of Hennepin County, Minnesota, with Orono marked. Around it, the neighboring counties.
Orono
Hennepin County
Other cities with a page
Orono's own numbers
Typical home value
$1,004,500
Typical monthly rent
$1,818
Typical yearly household income
$173,527
Households that own their home
91%
Effective property tax rate
0.87%
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.
A typical home in Orono is worth $1,004,500: 156% above the county and 205% above Minnesota. With the typical household income in Orono ($173,527 a year), a typical home costs 5.8 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.
Orono5.8 years
Hennepin4.0 years
Minnesota3.7 years
United States4.1 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.
Yearly change in FHFA’s price index in Hennepin County, 2016 to 2025
2016: +5.0% +5.0% 2016
2017: +6.5% +6.5% 2017
2018: +6.2% +6.2% 2018
2019: +4.0% +4.0% 2019
2020: +2.9% +2.9% 2020
2021: +8.5% +8.5% 2021
2022: +10.3% +10.3% 2022
2023: +2.5% +2.5% 2023
2024: +2.7% +2.7% 2024
2025: +3.0% +3.0% 2025
Change in FHFA’s price index in Hennepin County, Minnesota and the United States
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
Orono 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
Orono$1,004,500
Hennepin$392,900
Minnesota$329,300
United States$332,700
Typical monthly rent
Orono$1,818
Hennepin$1,487
Minnesota$1,280
United States$1,413
Typical yearly household income
Orono$173,527
Hennepin$97,653
Minnesota$89,062
United States$80,734
See the full table
Orono next to Hennepin County and Minnesota
Measure
Orono
Hennepin County
Minnesota
U.S.
Typical home value
$1,004,500 ▲156% above the county
$392,900
$329,300
$332,700
Typical monthly rent
$1,818 ▲22% above the county
$1,487
$1,280
$1,413
Typical yearly household income
$173,527 ▲78% above the county
$97,653
$89,062
$80,734
Households that own their home
91% ▲28 points above the county
63%
72%
65%
Typical yearly property tax
$8,722 ▲95% above the county
$4,480
$3,357
$3,119
Effective property tax rate
0.87% ▼0.27 points below the county
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 Orono
For a typical $1,004,500 home in Orono, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Orono's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$8,434a month
Above the FHA limit for Hennepin County ($552,000)
Down payment
$35,158
Cash to close
$65,293
Rate
7.18%
Mortgage insurance
FHA MIP · $606
Conventional, 5% down$8,089a month
Above the conventional limit for Hennepin County ($832,750): it would be a "jumbo" loan
Down payment
$50,225
Cash to close
$80,360
Rate
7.18%
Mortgage insurance
PMI · $477
Conventional, 20% down, no PMI$6,591a month
Least cash to close
Down payment
$200,900
Cash to close
$231,035
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$7,519a month
Down payment
$150,675
Cash to close
$180,810
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Orono
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Hennepin County ($552,000)
$8,434
$35,158
$986,306
7.18%
FHA MIP · $606
$65,293
580
Conventional, 5% down Above the conventional limit for Hennepin County ($832,750): it would be a "jumbo" loan
$8,089
$50,225
$954,275
7.18%
PMI · $477
$80,360
620*
Conventional, 20% down, no PMI Least cash to close
$6,591
$200,900
$803,600
7.18%
None
$231,035
620*
ITIN, 15% down (example)
$7,519
$150,675
$853,825
8.18%
None
$180,810
Set by the lender
The option that asks for the least cash to close is Conventional, 20% down, no PMI.
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.
Typical rent in Orono is $1,818 a month: 22% above 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Hennepin 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
By ZIP code
Fair market rent by ZIP code in Orono
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Orono has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,960 in 55391 to $2,220 in 55356.
2 of the 2 are above the fair market rent for Hennepin County ($1,734).
Fair market rent by ZIP code and size in Orono, fiscal year 2027.
55356
$1,620
$1,830
$2,220
$2,900
$3,250
55391
$1,430
$1,610
$1,960
$2,560
$2,870
ZIP code2 bd3 bd
55356 $2,220$2,900
55391 $1,960$2,560
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Orono 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
No down payment, repair or rent-help program on our list is for Orono or Hennepin County. The ones below are statewide in Minnesota: they work in Orono 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).
No legal help resource on our list is for Orono or Hennepin 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 Orono 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 Orono?
The typical home value in Orono is $1,004,500, 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 Orono?
Typical rent in Orono is $1,818 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 Orono?
Orono 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 Orono?
The typical homeowner in Orono pays $8,722 a year, according to the U.S. Census Bureau. That is 0.87% of the home’s value; in Hennepin County, the rate is 1.14%.
Where can I find free help to buy or rent in Orono?
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.
