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La Crescent

Learn about the people, housing, costs and businesses in La Crescent, Minnesota

Median Home$285,998
Median Rent$887/month
Population5,368
Leading IndustriesPublic Administration · Retail31% public administration
Home Value Growth⬆⬆+16.6% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableHighly Educated29% hold a bachelor's degree · top 10% nationally
NotableHigh Incomes$87k/year · top 28% nationally
La Crescent
MN

Frequently Asked Questions

What are today's mortgage rates in La Crescent?

As of today, the 30-year fixed mortgage rate for La Crescent is approximately 6.950% (6.988% 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 La Crescent?

The median home value in La Crescent is $286k. The median monthly rent is $887. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Crescent?

Home values in La Crescent have increased 16.6% 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 La Crescent?

Based on a typical all-in ownership cost of $1,064/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Crescent is $87k/year.

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What industries drive the economy in La Crescent?

The largest employment sectors in La Crescent are public administration (31%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.