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Scandia

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

Median Home$475,800
Population3,950
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education22% healthcare
Home Value Growth+9.0% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners89% of occupied units
NotableHighly Educated32% bachelor's · 20% graduate · top 6% nationally
NotableHigh Incomes$102k/year · top 16% nationally
Scandia
MN

Frequently Asked Questions

What are today's mortgage rates in Scandia?

As of today, the 30-year fixed mortgage rate for Scandia is approximately 6.829% (6.863% 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 Scandia?

The median home value in Scandia is $476k. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Scandia?

Home values in Scandia have increased 9.0% over the past two years. This represents moderate growth. 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 Scandia?

Based on a typical all-in ownership cost of $1,607/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Scandia is $102k/year.

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What industries drive the economy in Scandia?

The largest employment sectors in Scandia are public administration (23%) and healthcare (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.