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Grand Meadow

Learn about the people, housing, costs and businesses in Grand Meadow, Minnesota

Median Home$270,900
Median Rent$1,007/month
Population1,130
Leading IndustriesPublic Administration · Construction · Agriculture & Mining38% public administration
Home Value Growth⬆⬆+13.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners91% of occupied units
NotableHigh Incomes$97k/year · top 19% nationally
Grand Meadow
MN

Frequently Asked Questions

What are today's mortgage rates in Grand Meadow?

As of today, the 30-year fixed mortgage rate for Grand Meadow is approximately 6.917% (6.954% 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 Grand Meadow?

The median home value in Grand Meadow is $271k. The median monthly rent is $1,007. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grand Meadow?

Home values in Grand Meadow have increased 13.3% 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 Grand Meadow?

Based on a typical all-in ownership cost of $1,352/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grand Meadow is $97k/year.

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What industries drive the economy in Grand Meadow?

The largest employment sectors in Grand Meadow are public administration (38%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.