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Correll

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

Median Home$149,400
Median Rent$640/month
Population26
Leading IndustriesPublic Administration · Construction · Agriculture & Mining32% public administration
Home Value Growth⬆⬆+19.1% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners90% of occupied units
NotableHigh Incomes$97k/year · top 19% nationally
NotableAffordable Market$149k median home · lower cost than 75% of the country
Correll
MN

Frequently Asked Questions

What are today's mortgage rates in Correll?

As of today, the 30-year fixed mortgage rate for Correll is approximately 6.965% (7.004% 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 Correll?

The median home value in Correll is $149k. The median monthly rent is $640. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Correll?

Home values in Correll have increased 19.1% 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 Correll?

Based on a typical all-in ownership cost of $781/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Correll is $97k/year.

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What industries drive the economy in Correll?

The largest employment sectors in Correll are public administration (32%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.