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Kerkhoven-Murdock-Sunburg

Learn about the people, housing, costs and businesses in Kerkhoven-Murdock-Sunburg, Minnesota

Median Home$224,066
Median Rent$861/month
Population2,898
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade17% construction
Home Value Growth⬆⬆+17.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners77% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Kerkhoven-Murdock-Sunburg
MN

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Frequently Asked Questions

What are today's mortgage rates in Kerkhoven-Murdock-Sunburg?

As of today, the 30-year fixed mortgage rate for Kerkhoven-Murdock-Sunburg is approximately 6.956% (6.997% 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 Kerkhoven-Murdock-Sunburg?

The median home value in Kerkhoven-Murdock-Sunburg is $224k. The median monthly rent is $861. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kerkhoven-Murdock-Sunburg?

Home values in Kerkhoven-Murdock-Sunburg have increased 17.5% 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 Kerkhoven-Murdock-Sunburg?

Based on a typical all-in ownership cost of $920/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kerkhoven-Murdock-Sunburg is $78k/year.

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What industries drive the economy in Kerkhoven-Murdock-Sunburg?

The largest employment sectors in Kerkhoven-Murdock-Sunburg are public administration (23%) and agriculture and mining (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.