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New Minden

Learn about the people, housing, costs and businesses in New Minden, Illinois

Median Home$121,400
Median Rent$850/month
Population187
Leading IndustriesAgriculture & Mining · Wholesale Trade · Construction12% agriculture & mining
Home Value Growth+7.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners84% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
New Minden
IL

Frequently Asked Questions

What are today's mortgage rates in New Minden?

As of today, the 30-year fixed mortgage rate for New Minden is approximately 6.994% (7.003% 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 New Minden?

The median home value in New Minden is $121k. The median monthly rent is $850. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Minden?

Home values in New Minden have increased 7.8% 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 New Minden?

Based on a typical all-in ownership cost of $866/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Minden is $80k/year.

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What industries drive the economy in New Minden?

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