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Canby

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

Median Home$148,300
Median Rent$603/month
Population1,629
Leading IndustriesConstruction · Agriculture & Mining · Information & Media12% construction
Home Value Growth⬆⬆⬆+32.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$148k median home · lower cost than 75% of the country
Canby
MN

Frequently Asked Questions

What are today's mortgage rates in Canby?

As of today, the 30-year fixed mortgage rate for Canby is approximately 6.975% (7.017% 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 Canby?

The median home value in Canby is $148k. The median monthly rent is $603. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canby?

Home values in Canby have increased 32.3% 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 Canby?

Based on a typical all-in ownership cost of $694/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canby is $61k/year.

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What industries drive the economy in Canby?

The largest employment sectors in Canby are public administration (24%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.