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Homestead Exemption Laws in Minnesota

Minnesota protects a homestead of up to 160 acres with an exemption of up to $540,000, or $1,350,000 if used primarily for agriculture, under amounts adjusted effective July 1, 2026.

Last checked . General information, not legal advice.

Minnesota at a glance

Exemption amount
$540,000 ($1,350,000 if agricultural)
$1,350,000 if used primarily for agricultural purposes. Adjusted amounts effective July 1, 2026 (previously $510,000 and $1,275,000).
Unlimited in value
No
Acreage limit
160 acres

Sources

Last checked

The rules in Minnesota

How much home equity does the homestead exemption protect in Minnesota?

Exemption amount in Minnesota: $540,000 ($1,350,000 if agricultural). $1,350,000 if used primarily for agricultural purposes. Adjusted amounts effective July 1, 2026 (previously $510,000 and $1,275,000).

Is the homestead exemption unlimited in value in Minnesota?

No. Unlimited in value in Minnesota: no.

Is there an acreage limit on the homestead exemption in Minnesota?

Acreage limit in Minnesota: 160 acres.

Where do the Minnesota homestead exemption laws come from?

The rules above come from Minn. Stat. 510.02 and Minn. Stat. 550.37, subd. 4a. Each source is linked on this page. We last checked them in October 2026.

Good to know

The dollar amounts in Minn. Stat. 510.02 change every two years under Minn. Stat. 550.37, subd. 4a, and the Department of Commerce publishes the new figures. The printed statute still shows the earlier $510,000 and $1,275,000 amounts.

What this means in practice

The exemption applies to equity, not to the full value of the home. Equity is the market value minus the mortgages and other liens on the property. A lender that holds a mortgage on the home, and certain other claims such as taxes on the property, can usually still be enforced against it regardless of the exemption.

Check whether you need to take a step to claim the protection. Some states protect a home automatically once it is your residence, while others require you to record a homestead declaration with the county or to claim the exemption in court when a creditor tries to collect.

In bankruptcy, federal law can limit a state homestead exemption for a home bought within a set period before the filing, and residency rules decide which state's exemptions apply if you moved recently. Some states also let filers choose the federal bankruptcy exemptions instead of the state list. A bankruptcy attorney can confirm which rules apply to your situation.

General information, not legal advice. Laws change, and cities can add their own rules, so check the current statute before you rely on it.