Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Leota

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

Median Home$166,900
Median Rent$817/month
Population191
Leading IndustriesConstruction · Agriculture & Mining · Transportation17% construction
Home Value Growth⬆⬆+19.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners88% of occupied units
NotableAffordable Market$167k median home · lower cost than 66% of the country
Leota
MN

Frequently Asked Questions

What are today's mortgage rates in Leota?

As of today, the 30-year fixed mortgage rate for Leota 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.

View current rates for Leota
What is the median home price in Leota?

The median home value in Leota is $167k. The median monthly rent is $817. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leota?

Home values in Leota have increased 19.3% 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 Leota?

Based on a typical all-in ownership cost of $883/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leota is $73k/year.

Calculate your buying power
What industries drive the economy in Leota?

The largest employment sectors in Leota are public administration (21%) and agriculture and mining (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.