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Mora Public

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

Median Home$457,202
Median Rent$1,644/month
Population36,838
Leading IndustriesProfessional Services · Public Administration · Manufacturing3% professional services
Home Value Growth⬆⬆+15.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners71% of occupied units
NotableHigh Incomes$110k/year · top 9% nationally
NotableHighly Educated22% bachelor's · 14% graduate · top 24% nationally
Mora Public
MN

Frequently Asked Questions

What are today's mortgage rates in Mora Public?

As of today, the 30-year fixed mortgage rate for Mora Public is approximately 6.893% (6.929% 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 Mora Public?

The median home value in Mora Public is $457k. The median monthly rent is $1,644. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mora Public?

Home values in Mora Public have increased 15.2% 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 Mora Public?

Based on a typical all-in ownership cost of $1,979/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mora Public is $110k/year.

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What industries drive the economy in Mora Public?

The largest employment sectors in Mora Public are public administration (30%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.