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Norcross

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

Median Home$196,900
Median Rent$860/month
Population52
Leading IndustriesTransportation · Finance & Insurance · Information & Media7% transportation
Home Value Growth+8.4% over 2 years
Young Adults33% of residentswell above average
Homeowners81% of occupied units
NotableTransit82/100 · excellent transit access
Norcross
MN

Frequently Asked Questions

What are today's mortgage rates in Norcross?

As of today, the 30-year fixed mortgage rate for Norcross is approximately 6.810% (6.843% 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 Norcross?

The median home value in Norcross is $197k. The median monthly rent is $860. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norcross?

Home values in Norcross have increased 8.4% 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 Norcross?

Based on a typical all-in ownership cost of $888/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norcross is $75k/year.

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What industries drive the economy in Norcross?

The largest employment sectors in Norcross are public administration (18%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.