Maple Grove, MN home values, income, and owner costs

Start with the dated local finding: In Maple Grove, MN, the 2024 ACS reports a median owner-occupied home value of $418,300, median household income of $132,731, and median selected monthly owner costs of $2,303 for owners with a mortgage. Together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,303 measure combines recurring ownership expenses rather than real estate taxes alone. For borrower planning, a useful affordability review starts with $418,300, $132,731, and $2,303, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Maple Grove, MN's $418,300 median home-value estimate is above the statewide $329,300 estimate, with a reported city-to-state gap of 27.0%. That 27.0% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Maple Grove, MN. It does not mean every local property is 27.0% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. For borrower planning, borrowers can apply $418,300 and $329,300 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.