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Sunburg

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

Median Home$364,400
Median Rent$850/month
Population90
Leading IndustriesWholesale Trade · Construction · Retail13% wholesale trade
Home Value Growth⬆⬆⬆+23.6% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners90% of occupied units
NotableHigh Incomes$86k/year · top 29% nationally
Sunburg
MN

Frequently Asked Questions

What are today's mortgage rates in Sunburg?

As of today, the 30-year fixed mortgage rate for Sunburg is approximately 6.862% (6.897% 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 Sunburg?

The median home value in Sunburg is $364k. The median monthly rent is $850. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sunburg?

Home values in Sunburg have increased 23.6% 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 Sunburg?

Based on a typical all-in ownership cost of $1,169/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sunburg is $86k/year.

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What industries drive the economy in Sunburg?

The largest employment sectors in Sunburg are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.