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Nielsville

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

Median Home$234,300
Median Rent$943/month
Population76
Leading IndustriesConstruction · Agriculture & Mining14% construction
Home Value Growth-5.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners89% of occupied units
NotableTransit82/100 · excellent transit access
NotableHigh Incomes$94k/year · top 21% nationally
Nielsville
MN

Frequently Asked Questions

What are today's mortgage rates in Nielsville?

As of today, the 30-year fixed mortgage rate for Nielsville 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 Nielsville?

The median home value in Nielsville is $234k. The median monthly rent is $943. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nielsville?

Home values in Nielsville have decreased 5.7% over the past two years. Buyers may find more negotiating room in this market. 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 Nielsville?

Based on a typical all-in ownership cost of $1,101/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nielsville is $94k/year.

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What industries drive the economy in Nielsville?

The largest employment sectors in Nielsville are public administration (24%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.