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RTR

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

Median Home$180,516
Median Rent$796/month
Population3,268
Leading IndustriesConstruction · Agriculture & Mining · Transportation14% construction
Home Value Growth⬆⬆⬆+21.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners83% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
NotableAffordable Market$181k median home · lower cost than 70% of the country
RTR
MN

Frequently Asked Questions

What are today's mortgage rates in RTR?

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

The median home value in RTR is $181k. The median monthly rent is $796. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in RTR?

Home values in RTR have increased 21.3% 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 RTR?

Based on a typical all-in ownership cost of $841/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 RTR is $72k/year.

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What industries drive the economy in RTR?

The largest employment sectors in RTR are public administration (23%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.