Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Orono Public

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

Median Home$501,019
Median Rent$1,510/month
Population22,677
Leading IndustriesEducation · Arts, Food & Hospitality · Retail3% education
Home Value Growth⬆⬆+12.0% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners86% of occupied units
NotableHigh Incomes$121k/year · top 5% nationally
NotableHighly Educated28% hold a bachelor's degree · top 7% nationally
Orono Public
MN

Frequently Asked Questions

What are today's mortgage rates in Orono Public?

As of today, the 30-year fixed mortgage rate for Orono Public is approximately 6.847% (6.881% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Orono Public
What is the median home price in Orono Public?

The median home value in Orono Public is $501k. The median monthly rent is $1,510. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Orono Public?

Home values in Orono Public have increased 12.0% 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 Orono Public?

Based on a typical all-in ownership cost of $1,874/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Orono Public is $121k/year.

Calculate your buying power
What industries drive the economy in Orono Public?

The largest employment sectors in Orono Public are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.