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Borup

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

Median Home$144,100
Median Rent$748/month
Population99
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade8% construction
Home Value Growth⬆⬆+18.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners71% of occupied units
NotableTransit81/100 · excellent transit access
NotableAffordable Market$144k median home · lower cost than 77% of the country
Borup
MN

Frequently Asked Questions

What are today's mortgage rates in Borup?

As of today, the 30-year fixed mortgage rate for Borup is approximately 6.998% (7.041% 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 Borup?

The median home value in Borup is $144k. The median monthly rent is $748. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Borup?

Home values in Borup have increased 18.1% 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 Borup?

Based on a typical all-in ownership cost of $781/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Borup is $65k/year.

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What industries drive the economy in Borup?

The largest employment sectors in Borup are public administration (19%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.