Everything You Should Know Before Moving to Basswood, MN
Considering a move to Basswood, MN? This small, friendly community of 675 offers affordable living with median home prices around $187,000 and average rents near $850. Residents enjoy low violent crime (94 per 100K), short 23-minute commutes, and plenty of sunny days (62%) in a scenic, rural Minnesota setting. With strong public schools, a high rate of homeownership, and easy access to outdoor recreation, Basswood is a great fit for those seeking a peaceful, budget-friendly lifestyle.
Demographics - Basswood, MN
Demographics - Basswood, MN
Basswood is a small, close-knit rural community with a population of 675 and a median age of 43, offering a peaceful lifestyle. The area is predominantly White (over 92%), with a balanced gender ratio and only a small percentage of non-English speakers. Residents can expect a relaxed pace of life and a welcoming atmosphere.
Population:
675
Density:
20 per sq mi
Median Age:
43.2
Gender Ratio:
102 males per 100 females
Non-English Speakers Percentage:
4.1%
Ethnic Composition
White:
92.5%
Black:
1.2%
Asian:
0.8%
Others:
5.5%
Cost Of Living
What is the average cost of living in Basswood, MN?
Living in Basswood is affordable, with a median house value of $187,000 and average rents around $850. The cost of living index sits below the national average, making it a budget-friendly option for families and individuals alike. Residents benefit from modest housing costs and manageable utility expenses.
Median House Value:
$187,000
Gross Rent:
$850
Monthly Electricity Charges:
$115
Auto Insurance:
$1,130
House Owner Cost With Mortgage:
$1,050
House Owner Cost Without Mortgage:
$395
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
94.3
Grocery:
97.6
Housing:
78.2
Utilities:
99.9
Transportation:
91.0
Health Care:
97.3
Miscellaneous:
95.6
Crime
Is Basswood, MN a safe place to live?
Basswood boasts a very low violent crime rate of 94 per 100,000 residents, making it one of the safer small towns in Minnesota. Property crime is also minimal, giving residents peace of mind in their day-to-day lives. The community's safety is a major draw for families and retirees.
Violent Crimes Per 100k:
94
Property Crimes Per 100k:
940
Crime Index:
1,034
Chance Of Violent Crime:
1 in 1,060
Chance Of Property Crime:
1 in 106
Weather
What is the weather like in Basswood, MN year-round?
Basswood experiences classic Minnesota seasons, with cold winters dipping to 2°F and warm summers reaching up to 79°F. The area receives about 28 inches of rainfall annually and enjoys sunshine 62% of the year. Residents can expect crisp air, snowy winters, and plenty of sunny days for outdoor activities.
Winter
Min:
2°F
Max:
22°F
Spring
Min:
30°F
Max:
58°F
Summer
Min:
53°F
Max:
79°F
Fall
Min:
34°F
Max:
59°F
Average Rainfall Inches:
28.3 inches
Sunny Days Percentage:
62%
Neighbors
Neighbors in Basswood enjoy a friendly, small-town atmosphere with a median household income of $59,700 and a low unemployment rate of 3.6%. Most residents have at least a high school diploma, and average commutes are a convenient 23 minutes. The community values education and offers a welcoming environment for newcomers.
Median Income:
$38,500
Household Income:
$59,700
Family Income:
$71,200
Per Capita Income:
$29,200
Income Male:
$41,600
Income Female:
$35,800
Poverty Rate:
10.8%
Non English Speakers:
4.1%
Rent:
$850
Unemployment Rate:
3.6%
Public Transport Usage:
0.5%
Commute Time:
23.2 minutes
Education
High School or Higher:
91.2%
Bachelors or More:
18.4%
Education
How are the schools in Basswood, MN?
Basswood offers strong educational opportunities through North Woods School, known for its low student-teacher ratio and supportive environment. While there are no private schools in town, families benefit from proximity to Vermilion Community College just 32 miles away. The emphasis on quality public education makes the city appealing to families.
Public Schools
Name:
North Woods School
Street:
10248 Olson Rd, Cook, MN 55723
Phone:
218-666-5221
Students:
550
Student Teacher Ratio:
13.5
Colleges
Name:
Vermilion Community College
City:
Ely
State:
MN
Distance:
32 miles
Students:
600
Healthcare
Residents have access to quality healthcare, with the nearby Essentia Health–Virginia Hospital offering general and emergency services. Health insurance coverage is high at nearly 93%, and there are 1.7 physicians per 1,000 residents. Basswood provides reliable healthcare options for families and seniors alike.
Major Hospitals
Name:
Essentia Health–Virginia Hospital
Address:
901 9th St N, Virginia, MN 55792
Phone:
(218) 749-9471
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.7
Health Insurance Coverage:
92.8%
Health Care Index:
77.8
Housing Market
What is the housing market like in Basswood, MN?
Basswood's housing market is stable, with a median home price of $187,000 and high owner-occupancy at 82.5%. Home values are appreciating modestly, and rental options are available with average two-bedroom rents at $850. Foreclosure and vacancy rates remain low, making it a secure place to invest in a home.
Median Home Price:
$187,000
Average Rent For 2 Bedroom:
$850
Owner Occupied Rate:
82.5%
Rental Vacancy Rate:
6.8%
Home Appreciation Rate (1yr):
4.4%
New Construction Rate:
0.7%
Foreclosure Rate:
0.3%
DMV Information
Basswood residents are served by the Minnesota Department of Public Safety – Driver and Vehicle Services, with main offices in St. Paul and resources available online. The DMV provides essential licensing, registration, and vehicle services for the community. Assistance is readily accessible through their website or by phone.
State:
Minnesota
Department:
Minnesota Department of Public Safety – Driver and Vehicle Services
Address:
445 Minnesota St, Suite 190, St. Paul, MN 55101
Phone:
651-297-2126
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.