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Warba

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

Median Home$245,600
Median Rent$1,075/month
Population163
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade15% construction
Home Value Growth⬆⬆⬆+22.6% over 2 years
Young Adults33% of residentswell above average
Homeowners94% of occupied units
Warba
MN

Frequently Asked Questions

What are today's mortgage rates in Warba?

As of today, the 30-year fixed mortgage rate for Warba is approximately 6.994% (7.034% 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 Warba?

The median home value in Warba is $246k. The median monthly rent is $1,075. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Warba?

Home values in Warba have increased 22.6% 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 Warba?

Based on a typical all-in ownership cost of $1,009/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Warba is $67k/year.

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What industries drive the economy in Warba?

The largest employment sectors in Warba are public administration (17%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.