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Mesabi East

Learn about the people, housing, costs and businesses in Mesabi East, Minnesota

Median Home$142,423
Median Rent$967/month
Population7,486
Leading IndustriesManufacturing · Agriculture & Mining · Finance & Insurance8% manufacturing
Home Value Growth⬆⬆⬆+28.4% over 2 years
Retirees27% of residentswell above average
Homeowners89% of occupied units
NotableVeteran Community11% of residents · top 5% nationally
Mesabi East
MN

Frequently Asked Questions

What are today's mortgage rates in Mesabi East?

As of today, the 30-year fixed mortgage rate for Mesabi East is approximately 7.023% (7.067% 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 Mesabi East?

The median home value in Mesabi East is $142k. The median monthly rent is $967. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mesabi East?

Home values in Mesabi East have increased 28.4% 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 Mesabi East?

Based on a typical all-in ownership cost of $735/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mesabi East is $63k/year.

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What industries drive the economy in Mesabi East?

The largest employment sectors in Mesabi East are public administration (24%) and agriculture and mining (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.