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Boy River

Learn about the people, housing, costs and businesses in Boy River, Minnesota

Median Home$224,100
Median Rent$886/month
Population28
Leading IndustriesRetail · Public Administration · Manufacturing21% retail
Home Value Growth⬆⬆+15.5% over 2 years
Young Adults28% of residentsnear the national average
Homeowners91% of occupied units
Boy River
MN

Frequently Asked Questions

What are today's mortgage rates in Boy River?

As of today, the 30-year fixed mortgage rate for Boy River is approximately 7.190% (7.238% 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 Boy River?

The median home value in Boy River is $224k. The median monthly rent is $886. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Boy River?

Home values in Boy River have increased 15.5% 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 Boy River?

Based on a typical all-in ownership cost of $934/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Boy River is $59k/year.

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What industries drive the economy in Boy River?

The largest employment sectors in Boy River are public administration (30%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.