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McMinnville

Learn about the people, housing, costs and businesses in McMinnville, Oregon

Median Home$447,321
Median Rent$1,528/month
Population34,410
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services13% healthcare
Home Value Growth+8.7% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners64% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableTransit81/100 · excellent transit access
McMinnville
OR

Frequently Asked Questions

What are today's mortgage rates in McMinnville?

As of today, the 30-year fixed mortgage rate for McMinnville is approximately 6.905% (6.941% 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 McMinnville?

The median home value in McMinnville is $447k. The median monthly rent is $1,528. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McMinnville?

Home values in McMinnville have increased 8.7% over the past two years. This represents moderate growth. 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 McMinnville?

Based on a typical all-in ownership cost of $1,460/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McMinnville is $73k/year.

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What industries drive the economy in McMinnville?

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