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Wabasha

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

Median Home$267,592
Median Rent$752/month
Population2,535
Leading IndustriesProfessional Services · Public Administration · Retail3% professional services
Home Value Growth⬆⬆+17.6% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners70% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Wabasha
MN

Frequently Asked Questions

What are today's mortgage rates in Wabasha?

As of today, the 30-year fixed mortgage rate for Wabasha is approximately 6.995% (7.035% 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 Wabasha?

The median home value in Wabasha is $268k. The median monthly rent is $752. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wabasha?

Home values in Wabasha have increased 17.6% 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 Wabasha?

Based on a typical all-in ownership cost of $896/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wabasha is $65k/year.

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What industries drive the economy in Wabasha?

The largest employment sectors in Wabasha are public administration (29%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.