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Westbrook

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

Median Home$115,700
Median Rent$725/month
Population750
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Home Value Growth-2.6% over 2 years
Retirees70% of residentstop 1% nationally
Homeowners76% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableAffordable Market$116k median home · lower cost than 86% of the country
Westbrook
MN

Frequently Asked Questions

What are today's mortgage rates in Westbrook?

As of today, the 30-year fixed mortgage rate for Westbrook is approximately 6.972% (7.011% 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 Westbrook?

The median home value in Westbrook is $116k. The median monthly rent is $725. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westbrook?

Home values in Westbrook have decreased 2.6% over the past two years. Buyers may find more negotiating room in this market. 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 Westbrook?

Based on a typical all-in ownership cost of $707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westbrook is $59k/year.

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What industries drive the economy in Westbrook?

The largest employment sectors in Westbrook are public administration (19%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.