Even on the area’s higher pay, Hollywood Township costs more to live in than 56% of U.S. towns
Home prices around Hollywood Township have risen about 38% over the past 5 years.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Minneapolis-St. Paul-Bloomington, MN-WI metro area ($100K). How TownRatings grades cost of living
The grade measures what housing costs against what households in the area earn. Hollywood Township’s area earns well above the typical U.S. town ($100K against $74K), but homes, rent and taxes here run higher still. Owners keep up better than renters: 26% of owners pay 30% or more of income for housing (typical U.S. town: 20%), against 40% of renters.
In dollars
- $1,660a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 105prices across the Minneapolis metro, where the U.S. is 100 (housing 112)BEA Regional Price Parities, 2024
In paychecks the grade
- 4.5 yrsof area income buys the typical home; the typical U.S. town: 3.3$100K, Minneapolis-area income
- 15%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 26%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Hollywood Township
What’s behind Hollywood Township’s grade
Measured against what households in the area earn, Hollywood Township is more affordable than 44% of U.S. towns. Home prices pull the grade down most; rent holds it up.
Home prices up 38% in 5 years
The federal house price index for the ZIP codes around Hollywood Township rose 38% over the past 5 years, about the same as across Minnesota. Last year prices rose 3.8%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Hollywood Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 4.5 years of area income
The calculator starts from the area income the grade uses. Switch to Hollywood Township’s own median, or type yours.
That’s $57K short of a typical Hollywood Township home.
A two-bedroom rents for about $1,660 a month here, $1,010 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hollywood Township’s typical property tax (0.76% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,660
Renters already here pay a median of $1,260, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
High tax bills, but a low tax rate
The median bill is $3,458 (Minnesota: $3,357), because homes cost more. As a share of value it’s 0.76% a year, against 1.02% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Hollywood Township
Only figures published free for the whole country, each labeled with the area it covers: the Minneapolis-St. Paul-Bloomington, MN-WI metro area, or Minnesota. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 105 | MN 99 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 103 | MN 101 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 93 | MN 91 | metro | BEA, 2024 |
| Other services U.S. = 100 | 104 | MN 100 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Hollywood Township vs. its neighbors
Zillow publishes no value for Hollywood Township. Watertown Township and Woodland Township and Camden Township and Winsted Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Hollywood Township | C+ | — | $454K | 0.76% | $1,660 |
| New Germany | – | $399K | $258K | 1.23% | $1,520 |
| Watertown Township | C | — | $485K | 0.85% | $1,570 |
| Winsted Township | – | — | $429K | 0.85% | $1,310 |
| Woodland Township | C+ | — | $460K | 0.88% | $1,540 |
| Camden Township | – | — | $456K | 0.79% | $1,580 |
| Mayer | B | $392K | $343K | 1.05% | $1,830 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Hollywood Township
Is Hollywood Township expensive to live in?
Measured against what households in the area earn, Hollywood Township costs more than 56% of U.S. towns: a C+ for cost of living. The typical home costs 4.5 years of the median household income of the Minneapolis-St. Paul-Bloomington, MN-WI metro area ($100K).
How much is rent in Hollywood Township?
HUD puts a two-bedroom at about $1,660 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,260 (Census 2020–24).
What are property taxes in Hollywood Township?
The median bill is $3,458 a year, 0.76% of the median home value (Minnesota: $3,357, 1.02%), from the Census 2020–24.
Neighbors talk housing
What Hollywood Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.