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Trimont

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

Median Home$129,700
Median Rent$957/month
Population704
Leading IndustriesConstruction · Agriculture & Mining · Transportation15% construction
Home Value Growth⬆⬆+14.1% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners71% of occupied units
Trimont
MN

Frequently Asked Questions

What are today's mortgage rates in Trimont?

As of today, the 30-year fixed mortgage rate for Trimont 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 Trimont?

The median home value in Trimont is $130k. The median monthly rent is $957. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Trimont?

Home values in Trimont have increased 14.1% 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 Trimont?

Based on a typical all-in ownership cost of $835/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Trimont is $68k/year.

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What industries drive the economy in Trimont?

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