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Mound

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

Median Home$375,000
Median Rent$1,183/month
Population9,107
Leading IndustriesRetail · Healthcare · Arts, Food & Hospitality18% retail
Home Value Growth+6.5% over 2 years
Retirees21% of residentsnear the national average
Homeowners75% of occupied units
NotableHighly Educated31% hold a bachelor's degree · top 7% nationally
NotableHigh Incomes$93k/year · top 22% nationally
Mound
MN

Frequently Asked Questions

What are today's mortgage rates in Mound?

As of today, the 30-year fixed mortgage rate for Mound is approximately 6.922% (6.959% 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 Mound?

The median home value in Mound is $375k. The median monthly rent is $1,183. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mound?

Home values in Mound have increased 6.5% 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 Mound?

Based on a typical all-in ownership cost of $1,742/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mound is $93k/year.

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What industries drive the economy in Mound?

The largest employment sectors in Mound are retail (18%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.