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Willmar Public

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

Median Home$218,129
Median Rent$923/month
Population27,921
Leading IndustriesPublic Administration · Construction27% public administration
Home Value Growth⬆⬆+20.5% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners64% of occupied units
Willmar Public
MN

Frequently Asked Questions

What are today's mortgage rates in Willmar Public?

As of today, the 30-year fixed mortgage rate for Willmar Public is approximately 7.025% (7.066% 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 Public?

The median home value in Willmar Public is $218k. The median monthly rent is $923. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Willmar Public?

Home values in Willmar Public have increased 20.5% 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 Willmar Public?

Based on a typical all-in ownership cost of $1,046/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Willmar Public is $73k/year.

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What industries drive the economy in Willmar Public?

The largest employment sectors in Willmar Public are public administration (27%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.