Quick facts: Fort ripley, MN

Quick Facts

102.8
Cost of Living
above US average
84
Population
595.24
Crime Rate per 1000
above US average
$51,042
Median Income
below US average
$399,900
Median House Price
above US average
$1560
Average Rent
above US average
13%
Poverty Rate
above US average
3.2%
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 $51,042.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $51,042
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1560/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $51,042
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort ripley, MN

Fort Ripley is a small community located in Crow Wing County, Minnesota. Nestled along the banks of the Mississippi River, it boasts a rich history tied to the military, as it was originally established as a military fort in the mid-1800s. The fort played a crucial role in protecting the frontier and has since transitioned into a quiet residential area offering picturesque natural surroundings. The town has a close-knit community feel, with a population that reflects its small-town charm. Fort Ripley is known for its recreational opportunities, including fishing, hiking, and camping, thanks to the numerous lakes and parks in the region. Nearby, the larger city of Brainerd provides additional amenities such as shopping, dining, and entertainment options. The area's scenic beauty, combined with its historical significance, makes Fort Ripley a unique spot in Minnesota, appealing to outdoor enthusiasts and history buffs alike. Visitors can enjoy exploring the natural landscapes while also learning about the area's military heritage.

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