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Montevideo Public

Learn about the people, housing, costs and businesses in Montevideo Public, Minnesota

Median Home$152,584
Median Rent$801/month
Population7,264
Leading IndustriesPublic Administration · Construction · Agriculture & Mining29% public administration
Home Value Growth⬆⬆⬆+29.2% over 2 years
Retirees22% of residentsslightly above average
Homeowners70% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
NotableAffordable Market$153k median home · lower cost than 83% of the country
Montevideo Public
MN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Montevideo Public?

As of today, the 30-year fixed mortgage rate for Montevideo Public is approximately 7.123% (7.170% 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 Montevideo Public?

The median home value in Montevideo Public is $153k. The median monthly rent is $801. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montevideo Public?

Home values in Montevideo Public have increased 29.2% 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 Montevideo Public?

Based on a typical all-in ownership cost of $871/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montevideo Public is $70k/year.

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What industries drive the economy in Montevideo Public?

The largest employment sectors in Montevideo Public are public administration (29%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.