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Pease

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

Median Home$267,800
Median Rent$1,281/month
Population239
Leading IndustriesWholesale Trade · Retail · Information & Media12% wholesale trade
Home Value Growth+6.6% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners95% of occupied units
NotableHigh Incomes$87k/year · top 28% nationally
Pease
MN

Frequently Asked Questions

What are today's mortgage rates in Pease?

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

The median home value in Pease is $268k. The median monthly rent is $1,281. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pease?

Home values in Pease have increased 6.6% 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 Pease?

Based on a typical all-in ownership cost of $1,481/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pease is $87k/year.

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What industries drive the economy in Pease?

The largest employment sectors in Pease are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.