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Burnsville

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

Median Home$346,653
Median Rent$1,595/month
Population64,463
Leading IndustriesProfessional Services · Finance & Insurance · Education2% professional services
Home Value Growth+5.2% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners65% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Burnsville
MN

Frequently Asked Questions

What are today's mortgage rates in Burnsville?

As of today, the 30-year fixed mortgage rate for Burnsville is approximately 6.943% (6.981% 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 Burnsville?

The median home value in Burnsville is $347k. The median monthly rent is $1,595. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burnsville?

Home values in Burnsville have increased 5.2% over the past two years. This represents moderate growth. 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 Burnsville?

Based on a typical all-in ownership cost of $1,568/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burnsville is $90k/year.

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What industries drive the economy in Burnsville?

The largest employment sectors in Burnsville are public administration (22%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.