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Lowry

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

Median Home$240,200
Median Rent$1,016/month
Population332
Leading IndustriesProfessional Services · Construction · Agriculture & Mining3% professional services
Home Value Growth⬆⬆⬆+27.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners83% of occupied units
NotableTransit80/100 · excellent transit access
Lowry
MN

Frequently Asked Questions

What are today's mortgage rates in Lowry?

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

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What is the median home price in Lowry?

The median home value in Lowry is $240k. The median monthly rent is $1,016. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lowry?

Home values in Lowry have increased 27.3% 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 Lowry?

Based on a typical all-in ownership cost of $1,056/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lowry is $82k/year.

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What industries drive the economy in Lowry?

The largest employment sectors in Lowry are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.