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La Prairie

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

Median Home$214,046
Median Rent$1,268/month
Population656
Leading IndustriesPublic Administration · Education28% public administration
Home Value Growth+7.5% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners75% of occupied units
NotableAmenity Score82/100 · highly walkable area
La Prairie
MN

Frequently Asked Questions

What are today's mortgage rates in La Prairie?

As of today, the 30-year fixed mortgage rate for La Prairie is approximately 7.056% (7.097% 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 Prairie?

The median home value in La Prairie is $214k. The median monthly rent is $1,268. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Prairie?

Home values in La Prairie have increased 7.5% 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 La Prairie?

Based on a typical all-in ownership cost of $1,218/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Prairie is $78k/year.

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What industries drive the economy in La Prairie?

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