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Brooten

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

Median Home$218,800
Median Rent$785/month
Population604
Leading IndustriesHealthcare · Construction · Manufacturing13% healthcare
Home Value Growth-1.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners81% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Brooten
MN

Frequently Asked Questions

What are today's mortgage rates in Brooten?

As of today, the 30-year fixed mortgage rate for Brooten is approximately 6.901% (6.937% 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 Brooten?

The median home value in Brooten is $219k. The median monthly rent is $785. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Brooten?

Home values in Brooten have decreased 1.6% over the past two years. Buyers may find more negotiating room in this market. 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 Brooten?

Based on a typical all-in ownership cost of $973/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 Brooten is $69k/year.

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What industries drive the economy in Brooten?

The largest employment sectors in Brooten are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.