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Center

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

Median Home$353,488
Median Rent$1,100/month
Population579
Leading IndustriesTransportation · Wholesale Trade · Arts, Food & Hospitality6% transportation
Home Value Growth+2.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners87% of occupied units
NotableHigh Incomes$94k/year · top 21% nationally
Center City
MN

Frequently Asked Questions

What are today's mortgage rates in Center?

As of today, the 30-year fixed mortgage rate for Center is approximately 6.965% (7.004% 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 Center?

The median home value in Center is $353k. The median monthly rent is $1,100. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Center?

Home values in Center have increased 2.4% over the past two years. The market has been relatively stable. 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 Center?

Based on a typical all-in ownership cost of $1,433/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Center is $94k/year.

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What industries drive the economy in Center?

The largest employment sectors in Center are public administration (20%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.