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Cyrus

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

Median Home$320,000
Median Rent$769/month
Population327
Leading IndustriesConstruction · Agriculture & Mining · Professional Services14% construction
Home Value Growth-1.9% over 2 years
Retirees26% of residentsabove average nationally
Homeowners89% of occupied units
NotableHigh Incomes$90k/year · top 25% nationally
Cyrus
MN

Frequently Asked Questions

What are today's mortgage rates in Cyrus?

As of today, the 30-year fixed mortgage rate for Cyrus is approximately 7.039% (7.080% 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 Cyrus?

The median home value in Cyrus is $320k. The median monthly rent is $769. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cyrus?

Home values in Cyrus have decreased 1.9% 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 Cyrus?

Based on a typical all-in ownership cost of $1,035/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cyrus is $90k/year.

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What industries drive the economy in Cyrus?

The largest employment sectors in Cyrus are public administration (22%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.