Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Benson

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

Median Home$156,500
Median Rent$983/month
Population3,492
Leading IndustriesRetail · Finance & Insurance · Information & Media18% retail
Home Value Growth⬆⬆+13.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners63% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Benson
MN

Frequently Asked Questions

What are today's mortgage rates in Benson?

As of today, the 30-year fixed mortgage rate for Benson is approximately 7.053% (7.094% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Benson
What is the median home price in Benson?

The median home value in Benson is $157k. The median monthly rent is $983. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Benson?

Home values in Benson have increased 13.8% 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 Benson?

Based on a typical all-in ownership cost of $884/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Benson is $53k/year.

Calculate your buying power
What industries drive the economy in Benson?

The largest employment sectors in Benson are public administration (27%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.