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Porter

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

Median Home$123,900
Median Rent$845/month
Population163
Leading IndustriesProfessional Services · Public Administration · Education3% professional services
Home Value Growth⬆⬆⬆+37.0% over 2 years
Young Adults28% of residentsnear the national average
Homeowners85% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
Porter
MN

Frequently Asked Questions

What are today's mortgage rates in Porter?

As of today, the 30-year fixed mortgage rate for Porter is approximately 6.956% (6.994% 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 Porter?

The median home value in Porter is $124k. The median monthly rent is $845. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Porter?

Home values in Porter have increased 37.0% 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 Porter?

Based on a typical all-in ownership cost of $926/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Porter is $74k/year.

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What industries drive the economy in Porter?

The largest employment sectors in Porter are public administration (30%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.