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Doran

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

Median Home$214,400
Median Rent$778/month
Population35
Leading IndustriesConstruction · Agriculture & Mining · Retail9% construction
Home Value Growth-2.9% over 2 years
Young Adults27% of residentsnear the national average
Homeowners93% of occupied units
Doran
MN

Frequently Asked Questions

What are today's mortgage rates in Doran?

As of today, the 30-year fixed mortgage rate for Doran 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 Doran?

The median home value in Doran is $214k. The median monthly rent is $778. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Doran?

Home values in Doran have decreased 2.9% 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 Doran?

Based on a typical all-in ownership cost of $930/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Doran is $85k/year.

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What industries drive the economy in Doran?

The largest employment sectors in Doran are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.