Bovey, Minnesota

Population

Down 1.9% since 2020.

805

people, the 395th-largest of Minnesota's cities and towns.

Census Population Estimates, 2025. Rank among Minnesota's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

9 in 10 jobs here go to people who live somewhere else.

92.0%

of 50 jobs located in Bovey are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is up 146% since the 2005–2009 survey, before inflation.

$948

a month. Minnesota's median is $1,280.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent jumps $536.

A $536 gap between neighbors, the sharpest rent edge between adjacent tracts in Itasca County.

• $747 Tract 4809.01
• $1,283 Tract 4809.02

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$572–$859

is the monthly rent range local workforce wages support.

• $948 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 0 homes permitted, 2022–2025
• 97% of all homes were built before 2000

Census Building Permits Survey, 2022–2025; Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

Closing the gap would add 0.3% to the 304 homes here.

1

is the estimated number of missing housing units; all three estimates agree.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 63% less than Minnesota's.

$122,800

median home value in Bovey.

• $122,800 Bovey
• $329,300 Minnesota
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year