Hennepin County, Minnesota has a 2026 one-unit conforming loan limit of $832,750, which is 2.1 times the county's median home value of $392,900, so a typical home there can be financed with a conforming (non-jumbo) loan; median household income is $97,653 (FHFA; Census ACS 2020–2024).
Data as of 2026. Source: FHFA 2026 conforming loan limits; U.S. Census Bureau ACS 2020–2024
| Item | Value |
|---|---|
| 1-unit limit (2026) | $832,750 |
| 2-unit limit | $1,066,250 |
| 3-unit limit | $1,288,800 |
| 4-unit limit | $1,601,750 |
| Median home value (ACS 2020–24) | $392,900 |
| Minnesota median home value | $329,300 |
| Limit ÷ median home value | 2.12× |
| Median household income | $97,653 |
| Median home value ÷ income | 4.0× |
| Population | 1,269,496 |
| Median property tax paid (owners) | $4,480 |
| Effective property tax rate (approx.) | 1.14% |
| Owner-occupied homes | 62.7% |
| Home value rank in Minnesota | 4 of 87 counties |
| Neighbor: Anoka County, MN | limit $832,750; median home $346,500 |
| Neighbor: Carver County, MN | limit $832,750; median home $453,600 |
| Neighbor: Dakota County, MN | limit $832,750; median home $381,000 |
| Neighbor: Ramsey County, MN | limit $832,750; median home $326,600 |
| Neighbor: Scott County, MN | limit $832,750; median home $419,400 |
| Neighbor: Sherburne County, MN | limit $832,750; median home $361,400 |
| Neighbor: Wright County, MN | limit $832,750; median home $358,900 |
Across Minnesota's 87 counties, FHFA's 2026 one-unit limits are $832,750 everywhere. Hennepin County's median home value is 19% above the state median of $329,300 (rank 4 of 87). Among its 7 neighboring counties, Carver County has the highest median home value ($453,600) and Ramsey County the lowest ($326,600); all share the same loan limit. Owners pay a median $4,480 a year in property tax, an effective rate of about 1.14% of home value.
County data: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (tables B25077, B19013, B01003, B25103, B25003). Neighbors: Census county adjacency file.
Related
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- 2026 conforming loan limit: Henrico County, VA
- 2026 conforming loan limit: Henry County, AL
- 2026 conforming loan limit: Henry County, GA
- 2026 conforming loan limit: Henry County, IA
- 2026 conforming loan limit: Henry County, IL
Last updated 2026-10-16. Data only, not financial or tax advice.