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Long Prairie

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

Median Home$161,918
Median Rent$1,041/month
Population3,908
Leading IndustryRetail25% of local workforce
Home Value Growth⬆⬆+17.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners69% of occupied units
Long Prairie
MN

Frequently Asked Questions

What are today's mortgage rates in Long Prairie?

As of today, the 30-year fixed mortgage rate for Long 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 Long Prairie?

The median home value in Long Prairie is $162k. The median monthly rent is $1,041. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Long Prairie?

Home values in Long Prairie have increased 17.3% 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 Long Prairie?

Based on a typical all-in ownership cost of $884/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 Long Prairie is $63k/year.

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What industries drive the economy in Long Prairie?

The largest employment sectors in Long Prairie are retail (25%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.