Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Taylors Falls

Learn about the people, housing, costs and businesses in Taylors Falls, Minnesota

Median Home$299,800
Median Rent$1,044/month
Population1,108
Leading IndustriesTransportation · Wholesale Trade · Retail4% transportation
Home Value Growth⬆⬆+11.8% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners88% of occupied units
NotableHigh Incomes$102k/year · top 16% nationally
Taylors Falls
MN

Frequently Asked Questions

What are today's mortgage rates in Taylors Falls?

As of today, the 30-year fixed mortgage rate for Taylors Falls 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.

View current rates for Taylors Falls
What is the median home price in Taylors Falls?

The median home value in Taylors Falls is $300k. The median monthly rent is $1,044. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Taylors Falls?

Home values in Taylors Falls have increased 11.8% over the past two years. This indicates a strong appreciation trend. 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 Taylors Falls?

Based on a typical all-in ownership cost of $1,452/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Taylors Falls is $102k/year.

Calculate your buying power
What industries drive the economy in Taylors Falls?

The largest employment sectors in Taylors Falls are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.