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Alden

Learn about the people, housing, costs and businesses in Alden, Minnesota

Median Home$191,545
Median Rent$831/month
Population585
Leading IndustriesConstruction · Agriculture & Mining · Retail9% construction
Home Value Growth-8.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners89% of occupied units
Alden
MN

Frequently Asked Questions

What are today's mortgage rates in Alden?

As of today, the 30-year fixed mortgage rate for Alden is approximately 7.082% (7.127% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Alden?

The median home value in Alden is $192k. The median monthly rent is $831. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alden?

Home values in Alden have decreased 8.0% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alden?

Based on a typical all-in ownership cost of $938/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alden is $78k/year.

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What industries drive the economy in Alden?

The largest employment sectors in Alden are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.