# Minnesota — Homestead exemption amounts by state

For Minnesota, homestead exemption is may not exceed $510,000 or, if the homestead is used primarily for agricultural purposes, $1,275,000; area limit is any quantity of land not exceeding 160 acres; how the figure is kept current is The dollar amounts in subdivision 1 must change periodically in the manner provided for under section 550.37, subdivision 4a; statute is 510.02, verified against its source on 2026-08-29.

- **State:** Minnesota _(our reading, not quoted from the source)_
- **Homestead exemption:** may not exceed $510,000 or, if the homestead is used primarily for agricultural purposes, $1,275,000 _(verified: appears in the quote below)_
- **Area limit:** any quantity of land not exceeding 160 acres _(verified: appears in the quote below)_
- **How the figure is kept current:** The dollar amounts in subdivision 1 must change periodically in the manner provided for under section 550.37, subdivision 4a _(verified: appears in the quote below)_
- **Statute:** 510.02 _(verified: appears in the quote below)_

## What the source says

> The homestead may include any quantity of land not exceeding 160 acres. The exemption per homestead, whether the exemption is claimed by one or more debtors, may not exceed $510,000 or, if the homestead is used primarily for agricultural purposes, $1,275,000, exclusive of the limitations set forth in section 510.05 . § Subd. 2.Adjustment of dollar amounts. The dollar amounts in subdivision 1 must change periodically in the manner provided for under section 550.37, subdivision 4a . The commissioner of commerce shall include the changes in the dollar amounts as part of the announcement and publication made under those provisions. History: ( 8337 ) RL s 3453 ; 1907 c 335 s 1 ; 1969 c 414 s 1 ; 1973 c 123 art 5 s 7 ; 1986 c 398 art 16 s 1 ; 1993 c 79 s 2 ; 2007 c 105 s 2 ; 2007 c 106 s 11 ; 2013 c 135 art 2 s 8 Official Publication of the State of Minnesota Revisor of Statutes About the Legi

## Source

- https://www.revisor.mn.gov/statutes/cite/510.02

Last verified: 2026-08-29. Review by: 2027-02-25.
Part of [Homestead exemption amounts by state](https://referencesource.org/state-homestead-exemption-amounts/).