Steele County, Minnesota has a 2026 one-unit conforming loan limit of $832,750, which is 3.4 times the county's median home value of $245,400, so a typical home there can be financed with a conforming (non-jumbo) loan; median household income is $84,196 (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) | $245,400 |
| Minnesota median home value | $329,300 |
| Limit ÷ median home value | 3.39× |
| Median household income | $84,196 |
| Median home value ÷ income | 2.9× |
| Population | 37,439 |
| Median property tax paid (owners) | $2,964 |
| Effective property tax rate (approx.) | 1.21% |
| Owner-occupied homes | 79.4% |
| Home value rank in Minnesota | 36 of 87 counties |
| Neighbor: Dodge County, MN | limit $832,750; median home $287,700 |
| Neighbor: Freeborn County, MN | limit $832,750; median home $171,100 |
| Neighbor: Mower County, MN | limit $832,750; median home $185,200 |
| Neighbor: Rice County, MN | limit $832,750; median home $320,200 |
| Neighbor: Waseca County, MN | limit $832,750; median home $220,800 |
Across Minnesota's 87 counties, FHFA's 2026 one-unit limits are $832,750 everywhere. Steele County's median home value is 25% below the state median of $329,300 (rank 36 of 87). Among its 5 neighboring counties, Rice County has the highest median home value ($320,200) and Freeborn County the lowest ($171,100); all share the same loan limit. Owners pay a median $2,964 a year in property tax, an effective rate of about 1.21% 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
- 2026 conforming loan limit: Staunton City, VA
- 2026 conforming loan limit: Ste. Genevieve County, MO
- 2026 conforming loan limit: Stearns County, MN
- 2026 conforming loan limit: Steele County, ND
- 2026 conforming loan limit: Stephens County, GA
- 2026 conforming loan limit: Stephens County, OK
- 2026 conforming loan limit: Stephens County, TX
- 2026 conforming loan limit: Stephenson County, IL
Last updated 2026-10-16. Data only, not financial or tax advice.