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Finland

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

Median Home$315,400
Median Rent$693/month
Population230
Leading IndustriesWholesale Trade · Manufacturing · Professional Services13% wholesale trade
Home Value Growth+10.7% over 2 years
Retirees34% of residentstop 4% nationally
Homeowners94% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Finland
MN

Frequently Asked Questions

What are today's mortgage rates in Finland?

As of today, the 30-year fixed mortgage rate for Finland is approximately 6.871% (6.906% 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 Finland?

The median home value in Finland is $315k. The median monthly rent is $693. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Finland?

Home values in Finland have increased 10.7% 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 Finland?

Based on a typical all-in ownership cost of $895/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Finland is $83k/year.

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What industries drive the economy in Finland?

The largest employment sectors in Finland are public administration (21%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.