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Rock Ridge

Learn about the people, housing, costs and businesses in Rock Ridge, Minnesota

Median Home$141,174
Median Rent$830/month
Population18,723
Leading IndustriesManufacturing · Agriculture & Mining · Public Administration7% manufacturing
Home Value Growth⬆⬆+19.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners72% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
NotableAffordable Market$141k median home · lower cost than 87% of the country
Rock Ridge
MN

Frequently Asked Questions

What are today's mortgage rates in Rock Ridge?

As of today, the 30-year fixed mortgage rate for Rock Ridge is approximately 7.098% (7.144% 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 Rock Ridge?

The median home value in Rock Ridge is $141k. The median monthly rent is $830. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rock Ridge?

Home values in Rock Ridge have increased 19.0% 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 Rock Ridge?

Based on a typical all-in ownership cost of $831/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rock Ridge is $61k/year.

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What industries drive the economy in Rock Ridge?

The largest employment sectors in Rock Ridge 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.