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Brainerd

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

Median Home$217,685
Median Rent$876/month
Population14,649
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare5% education
Home Value Growth⬆⬆+12.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners58% of occupied units
NotableHighly Educated32% bachelor's · 14% graduate · top 6% nationally
NotableAmenity Score68/100 · highly walkable area
Brainerd
MN

Frequently Asked Questions

What are today's mortgage rates in Brainerd?

As of today, the 30-year fixed mortgage rate for Brainerd is approximately 6.842% (6.876% 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 Brainerd?

The median home value in Brainerd is $218k. The median monthly rent is $876. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Brainerd?

Home values in Brainerd have increased 12.9% 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 Brainerd?

Based on a typical all-in ownership cost of $980/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 Brainerd is $66k/year.

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What industries drive the economy in Brainerd?

The largest employment sectors in Brainerd are public administration (23%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.