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Hokah

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

Median Home$267,500
Median Rent$908/month
Population553
Leading IndustriesTransportation · Public Administration · Professional Services4% transportation
Home Value Growth⬆⬆⬆+45.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners86% of occupied units
Hokah
MN

Frequently Asked Questions

What are today's mortgage rates in Hokah?

As of today, the 30-year fixed mortgage rate for Hokah is approximately 6.965% (7.004% 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 Hokah?

The median home value in Hokah is $268k. The median monthly rent is $908. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hokah?

Home values in Hokah have increased 45.1% 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 Hokah?

Based on a typical all-in ownership cost of $1,006/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hokah is $83k/year.

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What industries drive the economy in Hokah?

The largest employment sectors in Hokah are public administration (28%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.