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Zimmerman

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

Median Home$338,061
Median Rent$1,247/month
Population6,352
Leading IndustriesRetail · Finance & Insurance · Arts, Food & Hospitality22% retail
Home Value Growth+6.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners89% of occupied units
NotableHigh Incomes$115k/year · top 10% nationally
Zimmerman
MN

Frequently Asked Questions

What are today's mortgage rates in Zimmerman?

As of today, the 30-year fixed mortgage rate for Zimmerman is approximately 6.912% (6.949% 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 Zimmerman?

The median home value in Zimmerman is $338k. The median monthly rent is $1,247. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Zimmerman?

Home values in Zimmerman have increased 6.9% over the past two years. This represents moderate growth. 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 Zimmerman?

Based on a typical all-in ownership cost of $1,718/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Zimmerman is $115k/year.

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What industries drive the economy in Zimmerman?

The largest employment sectors in Zimmerman are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.