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Askov

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

Median Home$234,800
Median Rent$669/month
Population341
Leading IndustryRetail20% of local workforce
Home Value Growth⬆⬆⬆+36.4% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners87% of occupied units
Askov
MN

Frequently Asked Questions

What are today's mortgage rates in Askov?

As of today, the 30-year fixed mortgage rate for Askov is approximately 6.993% (7.036% 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 Askov?

The median home value in Askov is $235k. The median monthly rent is $669. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Askov?

Home values in Askov have increased 36.4% 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 Askov?

Based on a typical all-in ownership cost of $863/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 Askov is $65k/year.

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What industries drive the economy in Askov?

The largest employment sectors in Askov are public administration (24%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.