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Motley

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

Median Home$264,893
Median Rent$796/month
Population681
Leading IndustriesWholesale Trade · Finance & Insurance · Information & Media11% wholesale trade
Home Value Growth+8.3% over 2 years
Retirees28% of residentswell above average
Homeowners86% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Motley
MN

Frequently Asked Questions

What are today's mortgage rates in Motley?

As of today, the 30-year fixed mortgage rate for Motley is approximately 6.938% (6.976% 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 Motley?

The median home value in Motley is $265k. The median monthly rent is $796. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Motley?

Home values in Motley have increased 8.3% over the past two years. This represents moderate growth. 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 Motley?

Based on a typical all-in ownership cost of $946/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Motley is $69k/year.

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What industries drive the economy in Motley?

The largest employment sectors in Motley are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.