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Ponemah

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

Median Home$105,000
Median Rent$474/month
Population598
Leading IndustryPublic Administration38% of local workforce
Home Value Growth+8.6% over 2 years
Family-Friendly40% of residentstop 1% nationally
Homeowners74% of occupied units
NotableAffordable Market$105k median home · lower cost than 90% of the country
Ponemah
MN

Frequently Asked Questions

What are today's mortgage rates in Ponemah?

As of today, the 30-year fixed mortgage rate for Ponemah is approximately 6.965% (7.004% 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 Ponemah?

The median home value in Ponemah is $105k. The median monthly rent is $474. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ponemah?

Home values in Ponemah have increased 8.6% 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 Ponemah?

Based on a typical all-in ownership cost of $484/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ponemah is $47k/year.

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What industries drive the economy in Ponemah?

The largest employment sectors in Ponemah are public administration (38%) and healthcare (5%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.