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Whalan

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

Median Home$205,300
Median Rent$645/month
Population68
Leading IndustriesPublic Administration · Construction · Agriculture & Mining29% public administration
Home Value Growth⬆⬆⬆+24.7% over 2 years
Retirees27% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Whalan
MN

Frequently Asked Questions

What are today's mortgage rates in Whalan?

As of today, the 30-year fixed mortgage rate for Whalan is approximately 6.965% (7.004% 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 Whalan?

The median home value in Whalan is $205k. The median monthly rent is $645. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Whalan?

Home values in Whalan have increased 24.7% 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 Whalan?

Based on a typical all-in ownership cost of $992/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 Whalan is $74k/year.

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What industries drive the economy in Whalan?

The largest employment sectors in Whalan are public administration (29%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.