Photo: Appraiser · CC BY-SA 4.0Measured against area pay, Jordan costs less to live in than 60% of U.S. towns
It ranks #85 of 273 in Minnesota for affordability. Up 1.2% in a year, 26% above the Minnesota typical home.
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 compares costs with what households across the Minneapolis metro earn ($100K, Census 2020–24). The typical home costs 3.4 years of metro income, and 50% of renters pay 30% or more of income for housing.
In dollars
- $439Ktypical home, 26% above the Minnesota typical homeZillow, September 2026
- $1,530a 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
- 3.4 yrsof area income buys the typical home; the typical U.S. town: 3.3$100K, Minneapolis-area income
- 14%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 50%of renters pay 30%+ of income for housing; across Minnesota: 48%Census 2020–24
- 20%of owners do; the typical U.S. town: 20%Census 2020–24
What Jordan’s housing numbers say
Mostly newer homes
Half of Jordan’s homes were built after 1999, against 1979 for Minnesota as a whole. Property taxes ↓
Homes haven’t kept up with new residents
Between the 2010 and 2020 censuses, Jordan gained 1,186 residents while 263 new homes were permitted: about 4.5 new residents per new home, against 2.2 across Minnesota. New homes ↓
Building at about twice the Minnesota pace
Builders were permitted 52 new homes in 2025: 7.7 per 1,000 residents, against 3.8 across Minnesota. That’s 371 in the past 10 years. New homes ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; sales and supply are Redfin’s for May 2026; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Jordan’s grade
Measured against what households in the area earn, Jordan is more affordable than 60% of U.S. towns, #85 of 273 in Minnesota. Home prices pull the grade down most; rent holds it up.
Prices here have kept pace with Minnesota: up 10.5% in five years, against 14.1% statewide (Zillow).
Up 10.5% in five years
Slower than Minnesota (14.1%).
Show as a table
| January | Jordan | Minnesota |
|---|---|---|
| 2017 | $280,000 | $216,000 |
| 2018 | $301,000 | $231,000 |
| 2019 | $319,000 | $245,000 |
| 2020 | $329,000 | $257,000 |
| 2021 | $359,000 | $280,000 |
| 2022 | $407,000 | $311,000 |
| 2023 | $419,000 | $322,000 |
| 2024 | $419,000 | $329,000 |
| 2025 | $430,000 | $338,000 |
| 2026 | $438,000 | $346,000 |
| September 2026 | $439,000 | $349,000 |
A typical Jordan home worth $273K in October 2016 is worth about $439K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
Too few sales to read the market
Only 9 homes sold in May 2026, the latest month in Redfin’s figures: too few to describe the market or quote a median sale price.
A year’s rent takes 14% of area income
The calculator starts from the area income the grade uses. Switch to Jordan’s own median, or type yours.
That’s $57K short of a typical Jordan home.
A two-bedroom rents for about $1,530 a month here, $1,150 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Jordan’s typical property tax (1.03% 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 $1,530
Renters already here pay a median of $1,192, 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.
52 new homes permitted in 2025
Builders were permitted 52 new homes in Jordan in 2025, all single-family houses, worth about $20.1 million to build. That's 7.7 per 1,000 residents, faster than across Minnesota (3.8). Over the past 10 years, Jordan has permitted 371 homes in all.
Between the 2010 and 2020 censuses, Jordan gained 1,186 residents while 263 new homes were permitted: about 4.5 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Minnesota: 2.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 45 | 45 | 0 | $17.7 million |
| 2025 | 52 | 52 | 0 | $20.1 million |
| 2024 | 56 | 56 | 0 | $22.7 million |
| 2023 | 41 | 41 | 0 | $13 million |
| 2022 | 24 | 24 | 0 | $8.2 million |
| 2021 | 25 | 25 | 0 | $7.3 million |
| 2020 | 33 | 33 | 0 | $9.6 million |
| 2019 | 43 | 43 | 0 | $12.2 million |
| 2018 | 55 | 27 | 28 | $11.9 million |
| 2017 | 25 | 25 | 0 | $6.4 million |
| 2016 | 17 | 17 | 0 | $5 million |
| 2015 | 14 | 14 | 0 | $4.5 million |
| 2014 | 48 | 48 | 0 | $12.8 million |
| 2013 | 23 | 23 | 0 | $6.1 million |
| 2012 | 14 | 14 | 0 | $2.8 million |
| 2011 | 9 | 9 | 0 | $1.9 million |
| 2010 | 15 | 15 | 0 | $2.9 million |
| 2009 | 7 | 3 | 4 | $1.2 million |
| 2008 | 7 | 7 | 0 | $1.6 million |
| 2007 | 69 | 23 | 46 | $10.1 million |
| 2006 | 56 | 52 | 4 | $13.4 million |
| 2005 | 72 | 72 | 0 | $20 million |
| 2004 | 90 | 84 | 6 | $19.7 million |
| 2003 | 68 | 62 | 6 | $13.6 million |
| 2002 | 94 | 80 | 14 | $15 million |
| 2001 | 86 | 80 | 6 | $12.9 million |
| 2000 | 108 | 108 | 0 | $12.1 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Property tax runs above the Minnesota norm
The median bill is $3,470 (Minnesota: $3,357), 1.03% of a home’s value 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 Jordan
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.
Jordan vs. its neighbors
Of the 1 towns here with a Zillow value, Jordan has the lowest. St. Lawrence Township and Sand Creek Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Jordan | B | $439K | $336K | 1.03% | $1,530 |
| Sand Creek Township | C+ | — | $522K | 0.75% | $1,590 |
| St. Lawrence Township | – | — | $612K | 0.74% | $1,530 |
“—” 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 Jordan
Is Jordan expensive to live in?
Measured against what households in the area earn, Jordan costs less than 60% of U.S. towns: a B for cost of living, #85 of 273 in Minnesota. The typical home costs 3.4 years of the median household income of the Minneapolis-St. Paul-Bloomington, MN-WI metro area ($100K).
How much does a house cost in Jordan?
About $439K, Zillow’s typical value for September 2026, up 1.2% in a year. The Minnesota typical home is $349K.
What salary do you need to live in Jordan?
To buy the typical home with 20% down at 6.3%, about $115,000 a year, keeping the payment (about $2,680 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $61,000.
How much is rent in Jordan?
HUD puts a two-bedroom at about $1,530 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,192 (Census 2020–24).
What are property taxes in Jordan?
The median bill is $3,470 a year, 1.03% of the median home value (Minnesota: $3,357, 1.02%), from the Census 2020–24.
Are home prices in Jordan going up?
Yes: up 1.2% in the past year and 10.5% in five years, against 14.1% across Minnesota (Zillow).
Neighbors talk housing
What Jordan buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. 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.