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Barnum

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

Median Home$263,000
Median Rent$902/month
Population622
Leading IndustriesRetail · Transportation · Finance & Insurance21% retail
Home Value Growth⬆⬆+19.4% over 2 years
Young Adults28% of residentsnear the national average
Homeowners86% of occupied units
Barnum
MN

Frequently Asked Questions

What are today's mortgage rates in Barnum?

As of today, the 30-year fixed mortgage rate for Barnum is approximately 6.986% (7.025% 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 Barnum?

The median home value in Barnum is $263k. The median monthly rent is $902. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Barnum?

Home values in Barnum have increased 19.4% over the past two years. This indicates a strong appreciation trend. 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 Barnum?

Based on a typical all-in ownership cost of $1,038/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Barnum is $83k/year.

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What industries drive the economy in Barnum?

The largest employment sectors in Barnum are public administration (26%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.