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Hamburg

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

Median Home$309,200
Median Rent$1,039/month
Population556
Leading IndustriesRetail · Transportation · Wholesale Trade28% retail
Home Value Growth+8.4% over 2 years
Young Adults28% of residentsnear the national average
Homeowners77% of occupied units
Hamburg
MN

Frequently Asked Questions

What are today's mortgage rates in Hamburg?

As of today, the 30-year fixed mortgage rate for Hamburg 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 Hamburg?

The median home value in Hamburg is $309k. The median monthly rent is $1,039. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hamburg?

Home values in Hamburg have increased 8.4% 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 Hamburg?

Based on a typical all-in ownership cost of $1,343/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hamburg is $78k/year.

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What industries drive the economy in Hamburg?

The largest employment sectors in Hamburg are retail (28%) and public administration (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.