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.

Home Value$415,356

+1.5%

Rent$1,839/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$83,071 on $415,356

Example: $75,000 household income. Change it above to see your own.

Out of reach42.2% 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$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

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

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Savage, MN