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Goodridge

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

Median Home$242,800
Median Rent$1,072/month
Population101
Leading IndustriesTransportation · Construction · Agriculture & Mining15% transportation
Home Value Growth⬆⬆⬆+26.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners90% of occupied units
Goodridge
MN

Frequently Asked Questions

What are today's mortgage rates in Goodridge?

As of today, the 30-year fixed mortgage rate for Goodridge is approximately 6.992% (7.032% 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 Goodridge?

The median home value in Goodridge is $243k. The median monthly rent is $1,072. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Goodridge?

Home values in Goodridge have increased 26.1% 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 Goodridge?

Based on a typical all-in ownership cost of $1,114/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Goodridge is $82k/year.

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What industries drive the economy in Goodridge?

The largest employment sectors in Goodridge are public administration (21%) and transportation (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.