Home Equity in Minnesota: How Much Can You Cash Out? (2026)
With Minnesota's median value near $345,000 and a typical $190,000 balance, homeowners can access about $103,250 at 85% combined LTV — through a HELOC, a fixed home equity loan, or a cash-out refinance.
Minnesota home values have climbed, so your accessible equity may be larger than you expect — up to the 85% CLTV line.
Accessible equity by Minnesota county
| County | Est. Value | Equity at 85% CLTV |
|---|---|---|
| Hennepin County | $360,000 | $108,000 |
| Ramsey County | $345,000 | $103,250 |
| Dakota County | $345,000 | $103,250 |
| Anoka County | $345,000 | $103,250 |
| Washington County | $345,000 | $103,250 |
| Stearns County | $345,000 | $103,250 |
| St. Louis County | $345,000 | $103,250 |
| Olmsted County | $345,000 | $103,250 |
| Scott County | $345,000 | $103,250 |
| Wright County | $345,000 | $103,250 |
| Carver County | $345,000 | $103,250 |
| Sherburne County | $345,000 | $103,250 |
| Rice County | $345,000 | $103,250 |
| Blue Earth County | $345,000 | $103,250 |
| Crow Wing County | $345,000 | $103,250 |
| Clay County | $345,000 | $103,250 |
| Chisago County | $345,000 | $103,250 |
| Otter Tail County | $345,000 | $103,250 |
| Carlton County | $345,000 | $103,250 |
| Goodhue County | $345,000 | $103,250 |
| Itasca County | $345,000 | $103,250 |
| Kandiyohi County | $345,000 | $103,250 |
| Isanti County | $345,000 | $103,250 |
| Winona County | $345,000 | $103,250 |
| Mower County | $345,000 | $103,250 |
How to tap equity in Minnesota
Start with your numbers: home value minus what you owe, capped at 85% of value. Then pick the tool — a revolving HELOC for flexible access, a fixed home equity loan for a lump sum, or a cash-out refinance if a new first-mortgage rate beats your current one. Compare two or three lenders, since margins and fees vary.
See How Much Equity You Can Tap
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Frequently Asked Questions
- How much home equity can I tap in Minnesota?
- On a $345,000 home with a $190,000 balance, about $103,250 at 85% CLTV. Your exact limit depends on the lender, your credit, and the appraisal.
- Is a HELOC or cash-out better in Minnesota?
- If your first mortgage rate is low, a HELOC or home equity loan is usually cheaper because it keeps that rate. A cash-out refinance only wins when today's rate beats your current one.