Quick facts: Nisswa, MN

Quick Facts

98.2
Cost of Living
below US average
2,074
Population
2.89
Crime Rate per 1000
below US average
$94,650
Median Income
above US average
$599,000
Median House Price
above US average
$2298.33
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $94,650.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $94,650
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Income Needed to Rent

⚠ Stretch
$98k/year
Based on $2298.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $98k vs median $94,650
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Nisswa, MN

Nisswa, Minnesota, is a charming small town located in Crow Wing County, nestled in the heart of the Brainerd Lakes Area. With a population of around 2,000 residents, Nisswa offers a friendly and tight-knit community atmosphere. The town is known for its stunning natural beauty, featuring numerous lakes, forests, and recreational opportunities. Nisswa is a popular destination for outdoor enthusiasts, boasting various activities like fishing, boating, hiking, and biking. The town's centerpiece is Nisswa Lake, which provides a picturesque setting for summer fun. Residents and visitors enjoy exploring the scenic Paul Bunyan Trail, a multi-use trail that stretches through the region. The town has a quaint downtown area filled with unique shops, restaurants, and local attractions, including the famous Nisswa Turtle Races held weekly during the summer. Nisswa also hosts several seasonal festivals and events, fostering a lively community spirit. With easy access to neighboring towns and the award-winning Brainerd International Raceway, Nisswa is not only a wonderful place to live but also a delightful spot for a vacation getaway in Minnesota.

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