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Delavan

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

Median Home$129,300
Median Rent$747/month
Population167
Leading IndustriesWholesale Trade · Public Administration · Manufacturing13% wholesale trade
Home Value Growth+8.1% over 2 years
Retirees26% of residentsabove average nationally
Homeowners78% of occupied units
NotableAffordable Market$129k median home · lower cost than 81% of the country
Delavan
MN

Frequently Asked Questions

What are today's mortgage rates in Delavan?

As of today, the 30-year fixed mortgage rate for Delavan is approximately 6.945% (6.983% 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 Delavan?

The median home value in Delavan is $129k. The median monthly rent is $747. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Delavan?

Home values in Delavan have increased 8.1% 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 Delavan?

Based on a typical all-in ownership cost of $796/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Delavan is $68k/year.

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What industries drive the economy in Delavan?

The largest employment sectors in Delavan are public administration (30%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.