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Randolph Public

Learn about the people, housing, costs and businesses in Randolph Public, Minnesota

Median Home$429,562
Median Rent$1,290/month
Population2,474
Leading IndustriesTransportation · Wholesale Trade · Information & Media5% transportation
Home Value Growth+4.4% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners92% of occupied units
NotableHigh Incomes$113k/year · top 8% nationally
NotableHighly Educated23% hold a bachelor's degree · top 20% nationally
Randolph Public
MN

Frequently Asked Questions

What are today's mortgage rates in Randolph Public?

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

The median home value in Randolph Public is $430k. The median monthly rent is $1,290. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Randolph Public?

Home values in Randolph Public have increased 4.4% 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 Randolph Public?

Based on a typical all-in ownership cost of $1,603/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Randolph Public is $113k/year.

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What industries drive the economy in Randolph Public?

The largest employment sectors in Randolph Public are public administration (18%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.