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NRHEG

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

Median Home$209,875
Median Rent$901/month
Population6,194
Leading IndustriesConstruction · Agriculture & Mining · Retail9% construction
Home Value Growth⬆⬆+11.4% over 2 years
Retirees22% of residentsslightly above average
Homeowners88% of occupied units
NRHEG
MN

Frequently Asked Questions

What are today's mortgage rates in NRHEG?

As of today, the 30-year fixed mortgage rate for NRHEG is approximately 7.085% (7.130% 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 NRHEG?

The median home value in NRHEG is $210k. The median monthly rent is $901. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in NRHEG?

Home values in NRHEG have increased 11.4% 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 NRHEG?

Based on a typical all-in ownership cost of $1,004/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in NRHEG is $84k/year.

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What industries drive the economy in NRHEG?

The largest employment sectors in NRHEG are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.