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South Koochiching

Learn about the people, housing, costs and businesses in South Koochiching, Minnesota

Median Home$170,561
Median Rent$835/month
Population2,123
Leading IndustriesAgriculture & Mining · Construction · Transportation8% agriculture & mining
Home Value Growth+10.2% over 2 years
Retirees26% of residentswell above average
Homeowners90% of occupied units
NotableAffordable Market$171k median home · lower cost than 74% of the country
South Koochiching
MN

Explore South Koochiching

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in South Koochiching?

As of today, the 30-year fixed mortgage rate for South Koochiching is approximately 6.999% (7.042% 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 South Koochiching?

The median home value in South Koochiching is $171k. The median monthly rent is $835. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Koochiching?

Home values in South Koochiching have increased 10.2% 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 South Koochiching?

Based on a typical all-in ownership cost of $655/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Koochiching is $74k/year.

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What industries drive the economy in South Koochiching?

The largest employment sectors in South Koochiching are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.