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Oronoco

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

Median Home$546,100
Median Rent$967/month
Population1,776
Leading IndustriesPublic Administration · Education46% public administration
Home Value Growth+6.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners89% of occupied units
NotableHighly Educated31% bachelor's · 12% graduate · top 7% nationally
NotableHigh Incomes$125k/year · top 7% nationally
Oronoco
MN

Frequently Asked Questions

What are today's mortgage rates in Oronoco?

As of today, the 30-year fixed mortgage rate for Oronoco 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.

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What is the median home price in Oronoco?

The median home value in Oronoco is $546k. The median monthly rent is $967. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oronoco?

Home values in Oronoco have increased 6.5% 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 Oronoco?

Based on a typical all-in ownership cost of $1,583/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oronoco is $125k/year.

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What industries drive the economy in Oronoco?

The largest employment sectors in Oronoco are public administration (46%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.