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Lauderdale

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

Median Home$283,300
Median Rent$1,351/month
Population2,388
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare35% public administration
Home Value Growth+6.2% over 2 years
Young Adults43% of residentstop 2% nationally
Homeowners53% of occupied units
NotableHighly Educated38% bachelor's · 22% graduate · top 2% nationally
Lauderdale
MN

Frequently Asked Questions

What are today's mortgage rates in Lauderdale?

As of today, the 30-year fixed mortgage rate for Lauderdale is approximately 6.990% (7.029% 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 Lauderdale?

The median home value in Lauderdale is $283k. The median monthly rent is $1,351. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lauderdale?

Home values in Lauderdale have increased 6.2% 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 Lauderdale?

Based on a typical all-in ownership cost of $1,277/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lauderdale is $79k/year.

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What industries drive the economy in Lauderdale?

The largest employment sectors in Lauderdale are public administration (35%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.