The median home in Savage, Minnesota is valued at $415,356, up 1.5% year over year. Typical monthly rent is $1,839, producing a price-to-rent ratio of 18.8x — near the national average of 18x. Savage is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Minneapolis-St. Paul-Bloomington, MN-WI stress score, crash risk, and 12-month forecast →

Home Value$415,356

+1.5%

Rent$1,839/mo

AFFORDABILITY

Enter your income for Savage.

Income (annual)

Down Payment

$83,071 on $415,356

Out of reach — 42.2% of income

Need $113,057/yr to afford.

PITI$2,638

P/I42.2%

Afford$276K

Gap-$140K

P&I $2,100Tax $388Ins $150

Renting $799/mo cheaper ($1,839 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Savage with other housing markets across Minnesota.

Minnetonka Beach$2220K Woodland$1619K Greenwood$1602K Sunfish Lake$1156K Orono$1084K Medicine Lake$1082K Tonka Bay$1059K Deephaven$1018K

Full Minneapolis-St. Paul-Bloomington, MN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.

View Minneapolis-St. Paul-Bloomington, MN-WI metro →

SAVAGE, MN