Ostrander, MN 55961

That's the average rate borrowers locked on October 22, 2026, from Optimal Blue's index of actual rate locks. On the median-priced home here, $240,000 with 10% down, it comes to $1,474 a month in principal and interest.

The typical home here costs $161 a month more than it did a year ago.

A year ago the median list price was about $239,000 and the 30-year rate was 6.17%: $1,313 a month with 10% down. Now it's $240,000 at 7.25%: $1,474.

Put the other way, last year's $1,313 a month buys about a $214,000 home at the latest rate.

Only 1 home was for sale in 55961 in September, too few for steady figures, so these are for Mower County, MN.

On a typical day in September, 122 homes were for sale: 10% more than in August and 42% more than a year ago. During the month 54 new listings came on, and on a typical day 39 homes were under contract.

Homes spent a median of 43 days on the market, 6 days shorter than a year ago. Sellers cut the price on 16% of listings, down 3 points from a year ago. The median list price was $240,000, or $138 a square foot: down 4.9% from August and unchanged from a year ago.

Balanced market. Judged on 32 homes under contract for every 100 for sale, 43 days on the market and price cuts on 16% of listings.

• Le Roy, MN 559516 for sale, median $187,000
• Spring Valley, MN 559755 for sale, median $206,000
• Grand Meadow, MN 559364 for sale, median $312,000
• Taopi, MN 559771 for sale, median $290,000