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Rutledge

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

Median Home$230,981
Median Rent$929/month
Population218
Leading IndustriesProfessional Services · Manufacturing · Wholesale Trade5% professional services
Home Value Growth⬆⬆+18.1% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners85% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Rutledge
MN

Frequently Asked Questions

What are today's mortgage rates in Rutledge?

As of today, the 30-year fixed mortgage rate for Rutledge is approximately 6.848% (6.882% 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 Rutledge?

The median home value in Rutledge is $231k. The median monthly rent is $929. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rutledge?

Home values in Rutledge have increased 18.1% 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 Rutledge?

Based on a typical all-in ownership cost of $953/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rutledge is $72k/year.

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What industries drive the economy in Rutledge?

The largest employment sectors in Rutledge are public administration (24%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.