Beltrami County, MN

Home values #

Typical home $267,387 (Aug 2026), +3.0% over one year, +27.7% over five

• 61st pct · 1,194th of 3,063 US counties · median $234,566
• 46th pct · 47th of 87 Minnesota counties · median $276,116

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Typical rent $1,267/mo (Aug 2026), +8.6% over one year; price-to-rent 17.6

• 27th pct · 1,014th of 1,399 US counties · median $1,496
• 43rd pct · 22nd of 38 Minnesota counties · median $1,295

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,464 a month on $267,387 at 7.28%, against an average weekly wage worth $4,814 a month: 30.4% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $267,387 × 80% = $213,910, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,464/mo principal and interest
• wage share = payment / (avg weekly wage $1,111 × 52 / 12 = $4,814) = 30% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $267,387 / ($1,111 × 52) = 4.6
• price-to-rent = $267,387 / ($1,267 × 12) = 17.6

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

20,234 jobs at 1,304 employers (2026 Q1); +0.4% jobs and +3.9% average weekly wage over the year

• 71st pct · 917th of 3,221 US counties · median 8,232
• 77th pct · 20th of 87 Minnesota counties · median 7,739

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

D0 abnormally dry

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

No reservoir gauges within 150 km (or the camera is above the gauge altitude)

Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

15 gauges · 0 flooding · 8 with quality panels averaging 97 % · 7 stale

Sites found: 15, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

6 wells in 0 named aquifers:

Sites found: 6, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

low (0.01)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.03 / 0.55

Banks & federal dollars #

$1.9 bn in deposits at 15 offices of 10 banks (SOD June 2026); HHI 2,649, highly concentrated. $384.2 m federal obligations in FY2026 (direct payments $296.3 m, grants $77.3 m), $18,989 per covered job

Deposit concentration is 2,649 across 10 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 10 banks with deposits in the county = 43.5² + 22.0² + 12.3² + … (7 more) = 2,649

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $18,989 per covered job, against 20,234 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $384.2 m / 20,234 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $18,989

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Beltrami County, MN: 7 findings, 2 at a watch level and 5 noted

1. watchBeltrami County, MN's typical asking rent is +8.6% against a year earlier, a watch level here: typical asking rent at least 8 percent above a year ago (arithmetic on Zillow ZORI; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026-08.
   Show the arithmetic

   • test: rent.yoyPct = 8.649172122153669 >= 8

   arithmetic on Zillow ZORI; convention chosen for this dashboard, not an official level

2. watchBeltrami County, MN's price-to-rent ratio of 17.6 scores 54 on the 0-to-100 scale across US counties but 14 across Minnesota counties, a gap of 41 points.

   Period 2026-08.
   Show the arithmetic

   • 41 = |54 across US counties - 14 across Minnesota counties|
   • typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month

   position among the entities that published this metric this period; not an official level

3. noteBeltrami County, MN's average weekly wage was 3.9% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +3.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

4. noteBeltrami County, MN's typical asking rent rose 1.1% from $1,253 in July 2026 to $1,267 in August 2026, on Zillow ZORI.

   Period 2026-08.
   Show the arithmetic

   • +1.1% = (1266.9444444444443 - 1253.4323401797024) / 1253.4323401797024 × 100
   • 1266.9444444444443 = Zillow ZORI, 2026-08
   • 1253.4323401797024 = Zillow ZORI, 2026-07

5. noteBeltrami County, MN's covered employment was 0.4% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +0.4 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

Read all 7 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.