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Riverland

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

Median Home$134,300
Median Rent$746/month
Population283
Leading IndustriesConstruction · Agriculture & Mining · Public Administration7% construction
Home Value Growth⬆⬆⬆+28.0% over 2 years
Family-Friendly32% of residentstop 2% nationally
Homeowners66% of occupied units
NotableAffordable Market$134k median home · lower cost than 79% of the country
Riverland
MN

Frequently Asked Questions

What are today's mortgage rates in Riverland?

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

The median home value in Riverland is $134k. The median monthly rent is $746. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Riverland?

Home values in Riverland have increased 28.0% 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 Riverland?

Based on a typical all-in ownership cost of $757/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 Riverland is $58k/year.

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What industries drive the economy in Riverland?

The largest employment sectors in Riverland are public administration (27%) and agriculture and mining (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.