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Okabena

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

Median Home$152,300
Median Rent$695/month
Population208
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade15% construction
Home Value Growth⬆⬆+15.7% over 2 years
Retirees26% of residentsabove average nationally
Homeowners86% of occupied units
NotableAffordable Market$152k median home · lower cost than 73% of the country
Okabena
MN

Frequently Asked Questions

What are today's mortgage rates in Okabena?

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

The median home value in Okabena is $152k. The median monthly rent is $695. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Okabena?

Home values in Okabena have increased 15.7% 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 Okabena?

Based on a typical all-in ownership cost of $730/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Okabena is $79k/year.

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What industries drive the economy in Okabena?

The largest employment sectors in Okabena are public administration (20%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.