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Trommald

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

Median Home$214,000
Median Rent$1,044/month
Population102
Leading IndustriesEducation · Wholesale Trade · Public Administration4% education
Home Value Growth⬆⬆⬆+22.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners76% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Trommald
MN

Frequently Asked Questions

What are today's mortgage rates in Trommald?

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

The median home value in Trommald is $214k. The median monthly rent is $1,044. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Trommald?

Home values in Trommald have increased 22.1% 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 Trommald?

Based on a typical all-in ownership cost of $929/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Trommald is $64k/year.

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What industries drive the economy in Trommald?

The largest employment sectors in Trommald are public administration (27%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.