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Le Center

Learn about the people, housing, costs and businesses in Le Center, Minnesota

Median Home$266,100
Median Rent$1,005/month
Population2,487
Leading IndustriesRetail · Wholesale Trade · Transportation24% retail
Home Value Growth⬆⬆⬆+26.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners78% of occupied units
NotableHigh Incomes$94k/year · top 21% nationally
Le Center
MN

Frequently Asked Questions

What are today's mortgage rates in Le Center?

As of today, the 30-year fixed mortgage rate for Le Center is approximately 6.966% (7.005% 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 Le Center?

The median home value in Le Center is $266k. The median monthly rent is $1,005. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Le Center?

Home values in Le Center have increased 26.7% 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 Le Center?

Based on a typical all-in ownership cost of $1,185/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Le Center is $94k/year.

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What industries drive the economy in Le Center?

The largest employment sectors in Le Center are retail (24%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.