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Aldrich

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

Median Home$205,000
Median Rent$812/month
Population35
Leading IndustriesTransportation · Construction · Agriculture & Mining4% transportation
Home Value Growth⬆⬆⬆+23.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners86% of occupied units
Aldrich
MN

Frequently Asked Questions

What are today's mortgage rates in Aldrich?

As of today, the 30-year fixed mortgage rate for Aldrich is approximately 6.965% (7.004% 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 Aldrich?

The median home value in Aldrich is $205k. The median monthly rent is $812. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Aldrich?

Home values in Aldrich have increased 23.9% 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 Aldrich?

Based on a typical all-in ownership cost of $915/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aldrich is $64k/year.

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What industries drive the economy in Aldrich?

The largest employment sectors in Aldrich are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.