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McKinley

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

Median Home$154,600
Median Rent$832/month
Population102
Leading IndustriesTransportation · Retail · Construction6% transportation
Home Value Growth-0.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners87% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$155k median home · lower cost than 72% of the country
McKinley
MN

Frequently Asked Questions

What are today's mortgage rates in McKinley?

As of today, the 30-year fixed mortgage rate for McKinley is approximately 7.448% (7.503% 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 McKinley?

The median home value in McKinley is $155k. The median monthly rent is $832. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McKinley?

Home values in McKinley have decreased 0.9% over the past two years. Buyers may find more negotiating room in this market. 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 McKinley?

Based on a typical all-in ownership cost of $774/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McKinley is $71k/year.

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What industries drive the economy in McKinley?

The largest employment sectors in McKinley are retail (22%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.