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Rushmore

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

Median Home$188,700
Median Rent$732/month
Population379
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining13% wholesale trade
Home Value Growth⬆⬆⬆+23.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners82% of occupied units
Rushmore
MN

Frequently Asked Questions

What are today's mortgage rates in Rushmore?

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

The median home value in Rushmore is $189k. The median monthly rent is $732. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rushmore?

Home values in Rushmore have increased 23.3% 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 Rushmore?

Based on a typical all-in ownership cost of $802/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rushmore is $81k/year.

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What industries drive the economy in Rushmore?

The largest employment sectors in Rushmore are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.