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Flensburg

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

Median Home$248,800
Median Rent$871/month
Population217
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation14% arts, food & hospitality
Home Value Growth⬆⬆+14.6% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners89% of occupied units
NotableHighly Educated33% hold a bachelor's degree · top 5% nationally
Flensburg
MN

Frequently Asked Questions

What are today's mortgage rates in Flensburg?

As of today, the 30-year fixed mortgage rate for Flensburg is approximately 7.013% (7.053% 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 Flensburg?

The median home value in Flensburg is $249k. The median monthly rent is $871. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Flensburg?

Home values in Flensburg have increased 14.6% 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 Flensburg?

Based on a typical all-in ownership cost of $916/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Flensburg is $71k/year.

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What industries drive the economy in Flensburg?

The largest employment sectors in Flensburg are public administration (20%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.