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Hillman

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

Median Home$287,000
Median Rent$1,112/month
Population23
Leading IndustriesPublic Administration · Manufacturing · Transportation29% public administration
Home Value Growth⬆⬆⬆+36.6% over 2 years
Retirees25% of residentsabove average nationally
Homeowners89% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Hillman
MN

Frequently Asked Questions

What are today's mortgage rates in Hillman?

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

The median home value in Hillman is $287k. The median monthly rent is $1,112. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hillman?

Home values in Hillman have increased 36.6% 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 Hillman?

Based on a typical all-in ownership cost of $1,076/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hillman is $81k/year.

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What industries drive the economy in Hillman?

The largest employment sectors in Hillman are public administration (29%) and wholesale trade (5%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.