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Frazee

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

Median Home$254,500
Median Rent$916/month
Population1,356
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services39% healthcare
Home Value Growth⬆⬆+16.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners83% of occupied units
NotableHighly Educated33% bachelor's · 30% graduate · top 5% nationally
Frazee
MN

Frequently Asked Questions

What are today's mortgage rates in Frazee?

As of today, the 30-year fixed mortgage rate for Frazee is approximately 6.804% (6.837% 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 Frazee?

The median home value in Frazee is $255k. The median monthly rent is $916. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frazee?

Home values in Frazee have increased 16.4% 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 Frazee?

Based on a typical all-in ownership cost of $954/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frazee is $73k/year.

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What industries drive the economy in Frazee?

The largest employment sectors in Frazee are healthcare (39%) and arts, food, and hospitality (36%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.