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Nicollet

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

Median Home$335,800
Median Rent$1,198/month
Population1,124
Leading IndustriesHealthcare · Arts, Food & Hospitality · Wholesale Trade18% healthcare
Home Value Growth+10.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners81% of occupied units
NotableHigh Incomes$104k/year · top 15% nationally
Nicollet
MN

Frequently Asked Questions

What are today's mortgage rates in Nicollet?

As of today, the 30-year fixed mortgage rate for Nicollet is approximately 6.814% (6.847% 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 Nicollet?

The median home value in Nicollet is $336k. The median monthly rent is $1,198. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nicollet?

Home values in Nicollet have increased 10.3% 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 Nicollet?

Based on a typical all-in ownership cost of $1,582/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nicollet is $104k/year.

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What industries drive the economy in Nicollet?

The largest employment sectors in Nicollet are public administration (22%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.