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Kerrick

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

Median Home$264,800
Median Rent$1,184/month
Population76
Leading IndustriesInformation & Media · Public Administration · Manufacturing10% information & media
Home Value Growth⬆⬆⬆+32.2% over 2 years
Retirees29% of residentswell above average
Homeowners92% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Kerrick
MN

Frequently Asked Questions

What are today's mortgage rates in Kerrick?

As of today, the 30-year fixed mortgage rate for Kerrick 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 Kerrick?

The median home value in Kerrick is $265k. The median monthly rent is $1,184. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kerrick?

Home values in Kerrick have increased 32.2% 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 Kerrick?

Based on a typical all-in ownership cost of $1,032/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kerrick is $80k/year.

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What industries drive the economy in Kerrick?

The largest employment sectors in Kerrick are public administration (27%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.