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Jordan

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

Median Home$336,318
Median Rent$1,209/month
Population6,781
Leading IndustriesRetail · Transportation · Professional Services16% retail
Home Value Growth+3.5% over 2 years
Family-Friendly34% of residentstop 1% nationally
Homeowners82% of occupied units
NotableHigh Incomes$110k/year · top 12% nationally
Jordan
MN

Frequently Asked Questions

What are today's mortgage rates in Jordan?

As of today, the 30-year fixed mortgage rate for Jordan is approximately 6.902% (6.938% 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 Jordan?

The median home value in Jordan is $336k. The median monthly rent is $1,209. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Jordan?

Home values in Jordan have increased 3.5% over the past two years. This represents moderate growth. 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 Jordan?

Based on a typical all-in ownership cost of $1,761/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Jordan is $110k/year.

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What industries drive the economy in Jordan?

The largest employment sectors in Jordan are public administration (26%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.