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Learn about the people, housing, costs and businesses in Hoffman, Minnesota
Real local data across mortgage, insurance, natural hazard, and place.
Rates, calculators, and lender comparisons
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Hoffman.
True all-in cost — P&I, taxes, insurance & utilities for homes in Hoffman.
Find and compare lenders active near Hoffman.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Hoffman.
Seismic risk and earthquake insurance estimates for Hoffman.
Wildfire exposure and insurance estimates for Hoffman.
As of today, the 30-year fixed mortgage rate for Hoffman is approximately 7.099% (7.145% 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 HoffmanThe median home value in Hoffman is $197k. The median monthly rent is $860. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Hoffman 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.
Based on a typical all-in ownership cost of $888/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hoffman is $75k/year.
Calculate your buying powerThe largest employment sectors in Hoffman are public administration (20%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.