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Hackensack

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

Median Home$241,500
Median Rent$877/month
Population302
Leading IndustriesWholesale Trade · Retail15% wholesale trade
Home Value Growth⬆⬆+18.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners87% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Hackensack
MN

Frequently Asked Questions

What are today's mortgage rates in Hackensack?

As of today, the 30-year fixed mortgage rate for Hackensack is approximately 6.969% (7.008% 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 Hackensack?

The median home value in Hackensack is $242k. The median monthly rent is $877. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hackensack?

Home values in Hackensack have increased 18.2% 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 Hackensack?

Based on a typical all-in ownership cost of $863/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hackensack is $58k/year.

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What industries drive the economy in Hackensack?

The largest employment sectors in Hackensack are retail (17%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.