A typical Laona home is worth roughly $125,000
What kind of housing town is Laona?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.6 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Laona home, with $171K to spare.
A two-bedroom rents for about $1,150 a month here, $380 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Laona’s typical property tax (1.10% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
98% of Laona households own their home
Half of Laona’s homes were built before 1983.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,150
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lake of the Woods County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Laona vs. its neighbors
Laona is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2014 | Median income |
|---|---|---|---|---|---|
| Laona | $125K* | — | $1,150 | — | $77,500 |
| Moranville | $190K* | −0.7%† | $970 | 0 | $87,500 |
| Roosevelt | $179K | +2.1% | $1,300 | — | $68,036 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Laona buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.