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Northfield Public

Learn about the people, housing, costs and businesses in Northfield Public, Minnesota

Median Home$277,639
Median Rent$1,095/month
Population40,736
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation10% arts, food & hospitality
Home Value Growth⬆⬆+12.8% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners75% of occupied units
NotableHighly Educated27% bachelor's · 14% graduate · top 10% nationally
Northfield Public
MN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Northfield Public?

As of today, the 30-year fixed mortgage rate for Northfield Public is approximately 6.937% (6.974% 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 Northfield Public?

The median home value in Northfield Public is $278k. The median monthly rent is $1,095. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Northfield Public?

Home values in Northfield Public have increased 12.8% 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 Northfield Public?

Based on a typical all-in ownership cost of $1,225/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Northfield Public is $84k/year.

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What industries drive the economy in Northfield Public?

The largest employment sectors in Northfield Public are public administration (26%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.