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Munich

Learn about the people, housing, costs and businesses in Munich, North Dakota

Median Home$120,600
Median Rent$786/month
Population192
Leading IndustriesFinance & Insurance · Information & Media · Professional Services10% finance & insurance
Home Value Growth+0.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners87% of occupied units
NotableTransit79/100 · excellent transit access
NotableAffordable Market$121k median home · lower cost than 84% of the country
Munich
ND

Frequently Asked Questions

What are today's mortgage rates in Munich?

As of today, the 30-year fixed mortgage rate for Munich is approximately 6.940% (6.978% 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 Munich?

The median home value in Munich is $121k. The median monthly rent is $786. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Munich?

Home values in Munich have increased 0.7% over the past two years. The market has been relatively stable. 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 Munich?

Based on a typical all-in ownership cost of $789/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Munich is $70k/year.

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What industries drive the economy in Munich?

The largest employment sectors in Munich are public administration (21%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.