Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Hendrum

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

Median Home$140,600
Median Rent$789/month
Population265
Leading IndustriesConstruction · Agriculture & Mining · Transportation18% construction
Home Value Growth+6.1% over 2 years
Retirees24% of residentsslightly above average
Homeowners83% of occupied units
NotableTransit79/100 · excellent transit access
NotableAffordable Market$141k median home · lower cost than 78% of the country
Hendrum
MN

Frequently Asked Questions

What are today's mortgage rates in Hendrum?

As of today, the 30-year fixed mortgage rate for Hendrum 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.

View current rates for Hendrum
What is the median home price in Hendrum?

The median home value in Hendrum is $141k. The median monthly rent is $789. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hendrum?

Home values in Hendrum have increased 6.1% 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 Hendrum?

Based on a typical all-in ownership cost of $938/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hendrum is $76k/year.

Calculate your buying power
What industries drive the economy in Hendrum?

The largest employment sectors in Hendrum are public administration (19%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.