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Mahtowa

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

Median Home$263,000
Median Rent$902/month
Population333
Leading IndustriesPublic Administration · Information & Media34% public administration
Home Value Growth⬆⬆+19.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners86% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
Mahtowa
MN

Frequently Asked Questions

What are today's mortgage rates in Mahtowa?

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

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What is the median home price in Mahtowa?

The median home value in Mahtowa is $263k. The median monthly rent is $902. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mahtowa?

Home values in Mahtowa have increased 19.4% 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 Mahtowa?

Based on a typical all-in ownership cost of $1,038/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mahtowa is $83k/year.

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What industries drive the economy in Mahtowa?

The largest employment sectors in Mahtowa are public administration (34%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.