Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Echo

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

Median Home$168,400
Median Rent$632/month
Population250
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services18% healthcare
Home Value Growth⬆⬆+18.3% over 2 years
Young Adults25% of residents
Homeowners85% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$85k/year · top 30% nationally
Echo
MN

Frequently Asked Questions

What are today's mortgage rates in Echo?

As of today, the 30-year fixed mortgage rate for Echo is approximately 6.865% (6.900% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Echo
What is the median home price in Echo?

The median home value in Echo is $168k. The median monthly rent is $632. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Echo?

Home values in Echo have increased 18.3% 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 Echo?

Based on a typical all-in ownership cost of $835/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Echo is $85k/year.

Calculate your buying power
What industries drive the economy in Echo?

The largest employment sectors in Echo are healthcare (18%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.