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Bovey, MN
Full City Profile · Minnesota · Itasca County County
3.0
/5.0
B
Good
690
Population
300/sq mi density
$67,500
Median Income
$28,950 per capita
$103,400
Home Value
$131,300 Zillow
$850
Median Rent
26.2% income on rent
40°F
Avg Temperature
276 sunny days/yr
218
Violent Crime/100K
3,512 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$67,500 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$103,400 home value, $850/mo rent
F
Safety
1.0 / 5.0
218 violent crimes/100K
D
Education
1.9 / 5.0
11.7% bachelor's degree or higher
Housing Overview
Median Home Value
$103,400
63% below
US avg: $281,900
Median Rent
$850/mo
27% below
US avg: $1,163/mo
Homeownership Rate
64.9%
1% below US avg (65.4%)
Total Housing Units
313
Median year built: 1954
Home Value by Source
Census Median
$103,400
Zillow (ZHVI)
$131,300
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.9%
Owner-Occupied
35.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$850/mo
Affordability & Housing Stock
Rent Burden
26.2%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1954
Average age of housing stock: 72 years
Homeownership Rate
64.9%
Complete Housing Data
Home Values
| Census Median Value | $103,400 |
| Zillow Home Value (ZHVI) | $131,300 |
Rent
| Census Median Rent | $850 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 64.9% |
| Renter-Occupied | 35.1% |
| Homeownership Rate | 64.9% |
| Total Housing Units | 313 |
| Median Year Built | 1954 |
| Rent Burden | 26.2% |