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Burtrum

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

Median Home$258,500
Median Rent$915/month
Population122
Leading IndustryRetail15% of local workforce
Home Value Growth⬆⬆⬆+38.9% over 2 years
Young Adults44% of residentstop 2% nationally
Homeowners90% of occupied units
NotableTransit80/100 · excellent transit access
Burtrum
MN

Frequently Asked Questions

What are today's mortgage rates in Burtrum?

As of today, the 30-year fixed mortgage rate for Burtrum is approximately 6.948% (6.986% 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 Burtrum?

The median home value in Burtrum is $259k. The median monthly rent is $915. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burtrum?

Home values in Burtrum have increased 38.9% 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 Burtrum?

Based on a typical all-in ownership cost of $968/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burtrum is $78k/year.

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What industries drive the economy in Burtrum?

The largest employment sectors in Burtrum are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.