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Minster

Learn about the people, housing, costs and businesses in Minster, Ohio

Median Home$302,000
Median Rent$923/month
Population3,034
Leading IndustriesRetail · Transportation40% retail
Home Value Growth⬆⬆⬆+27.0% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners83% of occupied units
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
NotableHigh Incomes$94k/year · top 21% nationally
Minster
OH

Frequently Asked Questions

What are today's mortgage rates in Minster?

As of today, the 30-year fixed mortgage rate for Minster is approximately 6.961% (6.999% 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 Minster?

The median home value in Minster is $302k. The median monthly rent is $923. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Minster?

Home values in Minster have increased 27.0% 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 Minster?

Based on a typical all-in ownership cost of $1,045/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Minster is $94k/year.

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What industries drive the economy in Minster?

The largest employment sectors in Minster are retail (40%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.