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Willmar

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

Median Home$192,676
Median Rent$926/month
Population21,491
Leading IndustriesPublic Administration · Wholesale Trade · Finance & Insurance28% public administration
Home Value Growth⬆⬆+20.4% over 2 years
Family-Friendly33% of residentstop 2% nationally
Homeowners59% of occupied units
NotableTransit83/100 · excellent transit access
NotableAmenity Score72/100 · highly walkable area
Willmar
MN

Frequently Asked Questions

What are today's mortgage rates in Willmar?

As of today, the 30-year fixed mortgage rate for Willmar is approximately 6.892% (6.928% 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 Willmar?

The median home value in Willmar is $193k. The median monthly rent is $926. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Willmar?

Home values in Willmar have increased 20.4% 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 Willmar?

Based on a typical all-in ownership cost of $1,013/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 Willmar is $66k/year.

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What industries drive the economy in Willmar?

The largest employment sectors in Willmar are public administration (28%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.