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Delano

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

Median Home$398,070
Median Rent$971/month
Population6,826
Leading IndustriesWholesale Trade · Arts, Food & Hospitality · Healthcare13% wholesale trade
Home Value Growth+5.4% over 2 years
Family-Friendly29% of residentswell above average
Homeowners81% of occupied units
NotableHighly Educated37% hold a bachelor's degree · top 2% nationally
NotableHigh Incomes$112k/year · top 11% nationally
Delano
MN

Frequently Asked Questions

What are today's mortgage rates in Delano?

As of today, the 30-year fixed mortgage rate for Delano is approximately 6.883% (6.919% 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 Delano?

The median home value in Delano is $398k. The median monthly rent is $971. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Delano?

Home values in Delano have increased 5.4% 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 Delano?

Based on a typical all-in ownership cost of $1,776/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Delano is $112k/year.

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What industries drive the economy in Delano?

The largest employment sectors in Delano are public administration (21%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.