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Aitkin

Learn about the people, housing, costs and businesses in Aitkin, Minnesota

Median Home$204,500
Median Rent$708/month
Population2,208
Leading IndustriesPublic Administration · Education27% public administration
Home Value Growth⬆⬆+13.4% over 2 years
Retirees22% of residentsnear the national average
Homeowners69% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableTransit83/100 · excellent transit access
Aitkin
MN

Frequently Asked Questions

What are today's mortgage rates in Aitkin?

As of today, the 30-year fixed mortgage rate for Aitkin is approximately 7.024% (7.068% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Aitkin?

The median home value in Aitkin is $205k. The median monthly rent is $708. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Aitkin?

Home values in Aitkin have increased 13.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Aitkin?

Based on a typical all-in ownership cost of $868/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aitkin is $53k/year.

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What industries drive the economy in Aitkin?

The largest employment sectors in Aitkin are public administration (27%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.