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Graceville

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

Median Home$205,100
Median Rent$756/month
Population517
Leading IndustriesConstruction · Agriculture & Mining · Public Administration16% construction
Home Value Growth⬆⬆⬆+31.0% over 2 years
Retirees29% of residentswell above average
Homeowners75% of occupied units
Graceville
MN

Frequently Asked Questions

What are today's mortgage rates in Graceville?

As of today, the 30-year fixed mortgage rate for Graceville is approximately 7.005% (7.045% 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 Graceville?

The median home value in Graceville is $205k. The median monthly rent is $756. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Graceville?

Home values in Graceville have increased 31.0% 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 Graceville?

Based on a typical all-in ownership cost of $802/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Graceville is $72k/year.

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What industries drive the economy in Graceville?

The largest employment sectors in Graceville are public administration (34%) and agriculture and mining (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.