Quick facts: Hallock, MN

Quick Facts

102.8
Cost of Living
above US average
872
Population
3.44
Crime Rate per 1000
below US average
$64,185
Median Income
below US average
$359,000
Median House Price
above US average
$700.0
Average Rent
below US average
9%
Poverty Rate
below US average
3.0%
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 $64,185.

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Income Needed to Buy

βœ— Stretch
$113k/year
Based on $359,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $113k vs median $64,185
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Income Needed to Rent

βœ“ Affordable
$30k/year
Based on $700.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,185) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hallock, MN

Hallock is a small city located in Kittson County in northwestern Minnesota, near the Canadian border. As of the last census, Hallock had a modest population, giving it a close-knit community feel. The city serves as the county seat and is known for its agricultural roots and strong emphasis on farming. Surrounded by lush fields and beautiful landscapes, Hallock offers various outdoor recreational opportunities, including hunting, fishing, and hiking. The area celebrates its agricultural heritage through events like the Kittson County Fair, which attracts visitors from surrounding regions. Hallock has a charming downtown with local businesses, making it an inviting spot for residents and visitors. The city also boasts access to several amenities, including schools, parks, and healthcare facilities. Overall, Hallock is characterized by its friendly atmosphere, rich farming culture, and vibrant community spirit, making it a unique place to live or visit in Minnesota.

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