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Plymouth

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

Median Home$488,361
Median Rent$1,936/month
Population79,491
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation14% arts, food & hospitality
Home Value Growth+6.6% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners75% of occupied units
NotableHighly Educated39% bachelor's · 18% graduate · top 1% nationally
NotableHigh Incomes$134k/year · top 6% nationally
Plymouth
MN

Frequently Asked Questions

What are today's mortgage rates in Plymouth?

As of today, the 30-year fixed mortgage rate for Plymouth is approximately 6.857% (6.892% 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 Plymouth?

The median home value in Plymouth is $488k. The median monthly rent is $1,936. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Plymouth?

Home values in Plymouth have increased 6.6% 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 Plymouth?

Based on a typical all-in ownership cost of $1,925/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Plymouth is $134k/year.

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What industries drive the economy in Plymouth?

The largest employment sectors in Plymouth are public administration (25%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.