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Minden

Learn about the people, housing, costs and businesses in Minden, Michigan

Median Home$166,100
Median Rent$781/month
Population158
Leading IndustriesTransportation · Professional Services · Finance & Insurance3% transportation
Home Value Growth+8.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners89% of occupied units
NotableAffordable Market$166k median home · lower cost than 67% of the country
Minden City
MI

Frequently Asked Questions

What are today's mortgage rates in Minden?

As of today, the 30-year fixed mortgage rate for Minden is approximately 7.062% (7.104% 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 Minden?

The median home value in Minden is $166k. The median monthly rent is $781. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Minden?

Home values in Minden have increased 8.8% 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 Minden?

Based on a typical all-in ownership cost of $764/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Minden is $66k/year.

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What industries drive the economy in Minden?

The largest employment sectors in Minden are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.