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Waseca

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

Median Home$200,470
Median Rent$851/month
Population9,193
Leading IndustriesRetail · Manufacturing · Transportation18% retail
Home Value Growth⬆⬆⬆+21.5% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners73% of occupied units
Waseca
MN

Frequently Asked Questions

What are today's mortgage rates in Waseca?

As of today, the 30-year fixed mortgage rate for Waseca is approximately 6.971% (7.013% 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 Waseca?

The median home value in Waseca is $200k. The median monthly rent is $851. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Waseca?

Home values in Waseca have increased 21.5% 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 Waseca?

Based on a typical all-in ownership cost of $1,084/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Waseca is $66k/year.

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What industries drive the economy in Waseca?

The largest employment sectors in Waseca are public administration (25%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.