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Nevis

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

Median Home$263,000
Median Rent$838/month
Population386
Leading IndustriesRetail · Transportation22% retail
Home Value Growth+8.3% over 2 years
Retirees21% of residentsnear the national average
Homeowners90% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Nevis
MN

Frequently Asked Questions

What are today's mortgage rates in Nevis?

As of today, the 30-year fixed mortgage rate for Nevis is approximately 6.965% (7.004% 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 Nevis?

The median home value in Nevis is $263k. The median monthly rent is $838. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nevis?

Home values in Nevis 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 Nevis?

Based on a typical all-in ownership cost of $1,054/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nevis is $64k/year.

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What industries drive the economy in Nevis?

The largest employment sectors in Nevis are retail (22%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.