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Truman Public

Learn about the people, housing, costs and businesses in Truman Public, Minnesota

Median Home$145,034
Median Rent$1,143/month
Population49,552
Leading IndustriesWholesale Trade · Healthcare · Manufacturing14% wholesale trade
Home Value Growth⬆⬆+16.0% over 2 years
Retirees24% of residentsabove average nationally
Homeowners53% of occupied units
Truman Public
MN

Frequently Asked Questions

What are today's mortgage rates in Truman Public?

As of today, the 30-year fixed mortgage rate for Truman Public is approximately 7.043% (7.087% 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 Truman Public?

The median home value in Truman Public is $145k. The median monthly rent is $1,143. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Truman Public?

Home values in Truman Public have increased 16.0% 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 Truman Public?

Based on a typical all-in ownership cost of $966/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Truman Public is $53k/year.

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What industries drive the economy in Truman Public?

The largest employment sectors in Truman Public are public administration (19%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.