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East

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

Median Home$225,771
Median Rent$924/month
Population6,691
Leading IndustryWholesale Trade8% of local workforce
Home Value Growth⬆⬆⬆+21.4% over 2 years
Retirees24% of residentsabove average nationally
Homeowners80% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
East
MN

Frequently Asked Questions

What are today's mortgage rates in East?

As of today, the 30-year fixed mortgage rate for East is approximately 7.026% (7.067% 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 East?

The median home value in East is $226k. The median monthly rent is $924. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East?

Home values in East have increased 21.4% 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 East?

Based on a typical all-in ownership cost of $970/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East is $65k/year.

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What industries drive the economy in East?

The largest employment sectors in East are public administration (22%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.