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Oslo

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

Median Home$154,400
Median Rent$572/month
Population228
Leading IndustriesConstruction · Agriculture & Mining · Transportation19% construction
Home Value Growth-7.3% over 2 years
Young Adults24% of residents
Homeowners84% of occupied units
NotableAffordable Market$154k median home · lower cost than 72% of the country
Oslo
MN

Frequently Asked Questions

What are today's mortgage rates in Oslo?

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

The median home value in Oslo is $154k. The median monthly rent is $572. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oslo?

Home values in Oslo have decreased 7.3% over the past two years. Buyers may find more negotiating room in this market. 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 Oslo?

Based on a typical all-in ownership cost of $737/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oslo is $79k/year.

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What industries drive the economy in Oslo?

The largest employment sectors in Oslo are public administration (21%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.