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Blomkest

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

Median Home$192,500
Median Rent$954/month
Population148
Leading IndustriesTransportation · Information & Media · Finance & Insurance4% transportation
Home Value Growth⬆⬆⬆+32.1% over 2 years
Young Adults25% of residents
Homeowners80% of occupied units
Blomkest
MN

Frequently Asked Questions

What are today's mortgage rates in Blomkest?

As of today, the 30-year fixed mortgage rate for Blomkest is approximately 6.890% (6.926% 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 Blomkest?

The median home value in Blomkest is $193k. The median monthly rent is $954. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Blomkest?

Home values in Blomkest have increased 32.1% 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 Blomkest?

Based on a typical all-in ownership cost of $985/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Blomkest is $85k/year.

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What industries drive the economy in Blomkest?

The largest employment sectors in Blomkest are public administration (24%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.