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Hanley Falls

Learn about the people, housing, costs and businesses in Hanley Falls, Minnesota

Median Home$168,400
Median Rent$632/month
Population250
Leading IndustriesConstruction · Agriculture & Mining · Transportation13% construction
Home Value Growth⬆⬆+18.3% over 2 years
Young Adults23% of residents
Homeowners85% of occupied units
NotableHigh Incomes$85k/year · top 30% nationally
NotableAffordable Market$168k median home · lower cost than 66% of the country
Hanley Falls
MN

Frequently Asked Questions

What are today's mortgage rates in Hanley Falls?

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

The median home value in Hanley Falls is $168k. The median monthly rent is $632. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hanley Falls?

Home values in Hanley Falls have increased 18.3% 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 Hanley Falls?

Based on a typical all-in ownership cost of $835/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hanley Falls is $85k/year.

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What industries drive the economy in Hanley Falls?

The largest employment sectors in Hanley Falls are public administration (16%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.