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Scanlon

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

Median Home$225,400
Median Rent$1,186/month
Population1,070
Leading IndustriesProfessional Services · Public Administration · Finance & Insurance4% professional services
Home Value Growth+7.0% over 2 years
Young Adults38% of residentstop 4% nationally
Homeowners59% of occupied units
NotableAmenity Score74/100 · highly walkable area
Scanlon
MN

Frequently Asked Questions

What are today's mortgage rates in Scanlon?

As of today, the 30-year fixed mortgage rate for Scanlon is approximately 6.900% (6.936% 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 Scanlon?

The median home value in Scanlon is $225k. The median monthly rent is $1,186. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Scanlon?

Home values in Scanlon have increased 7.0% 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 Scanlon?

Based on a typical all-in ownership cost of $1,245/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Scanlon is $60k/year.

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What industries drive the economy in Scanlon?

The largest employment sectors in Scanlon are public administration (32%) and information and media (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.