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Henning

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

Median Home$232,000
Median Rent$874/month
Population892
Leading IndustriesWholesale Trade · Transportation · Professional Services23% wholesale trade
Home Value Growth⬆⬆+18.6% over 2 years
Young Adults33% of residentswell above average
Homeowners83% of occupied units
Henning
MN

Frequently Asked Questions

What are today's mortgage rates in Henning?

As of today, the 30-year fixed mortgage rate for Henning is approximately 6.963% (7.002% 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 Henning?

The median home value in Henning is $232k. The median monthly rent is $874. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Henning?

Home values in Henning have increased 18.6% 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 Henning?

Based on a typical all-in ownership cost of $992/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Henning is $72k/year.

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What industries drive the economy in Henning?

The largest employment sectors in Henning are wholesale trade (23%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.