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Finlayson

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

Median Home$234,800
Median Rent$669/month
Population304
Leading IndustriesWholesale Trade · Information & Media12% wholesale trade
Home Value Growth⬆⬆⬆+36.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners87% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Finlayson
MN

Frequently Asked Questions

What are today's mortgage rates in Finlayson?

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

The median home value in Finlayson is $235k. The median monthly rent is $669. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Finlayson?

Home values in Finlayson have increased 36.4% 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 Finlayson?

Based on a typical all-in ownership cost of $863/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Finlayson is $65k/year.

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What industries drive the economy in Finlayson?

The largest employment sectors in Finlayson are public administration (25%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.