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Ortonville

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

Median Home$173,714
Median Rent$741/month
Population3,474
Leading IndustriesPublic Administration · Construction · Agriculture & Mining31% public administration
Home Value Growth⬆⬆⬆+24.0% over 2 years
Retirees27% of residentswell above average
Homeowners81% of occupied units
NotableAffordable Market$174k median home · lower cost than 73% of the country
Ortonville
MN

Frequently Asked Questions

What are today's mortgage rates in Ortonville?

As of today, the 30-year fixed mortgage rate for Ortonville is approximately 7.148% (7.195% 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 Ortonville?

The median home value in Ortonville is $174k. The median monthly rent is $741. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ortonville?

Home values in Ortonville have increased 24.0% 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 Ortonville?

Based on a typical all-in ownership cost of $789/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ortonville is $69k/year.

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What industries drive the economy in Ortonville?

The largest employment sectors in Ortonville are public administration (31%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.