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Lake Crystal-Wellcome Memorial

Learn about the people, housing, costs and businesses in Lake Crystal-Wellcome Memorial, Minnesota

Median Home$231,895
Median Rent$933/month
Population5,975
Leading IndustriesRetail · Public Administration · Construction18% retail
Home Value Growth+10.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners84% of occupied units
NotableHigh Incomes$88k/year · top 28% nationally
Lake Crystal-Wellcome Memorial
MN

Explore Lake Crystal-Wellcome Memorial

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lake Crystal-Wellcome Memorial?

As of today, the 30-year fixed mortgage rate for Lake Crystal-Wellcome Memorial is approximately 6.971% (7.013% 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 Lake Crystal-Wellcome Memorial?

The median home value in Lake Crystal-Wellcome Memorial is $232k. The median monthly rent is $933. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Crystal-Wellcome Memorial?

Home values in Lake Crystal-Wellcome Memorial have increased 10.3% 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 Lake Crystal-Wellcome Memorial?

Based on a typical all-in ownership cost of $1,115/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Crystal-Wellcome Memorial is $88k/year.

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What industries drive the economy in Lake Crystal-Wellcome Memorial?

The largest employment sectors in Lake Crystal-Wellcome Memorial are public administration (27%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.