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Zumbro Falls

Learn about the people, housing, costs and businesses in Zumbro Falls, Minnesota

Median Home$337,700
Median Rent$928/month
Population160
Leading IndustriesInformation & Media · Finance & Insurance · Construction12% information & media
Home Value Growth-0.6% over 2 years
Retirees29% of residentswell above average
Homeowners87% of occupied units
NotableHigh Incomes$92k/year · top 23% nationally
Zumbro Falls
MN

Frequently Asked Questions

What are today's mortgage rates in Zumbro Falls?

As of today, the 30-year fixed mortgage rate for Zumbro Falls 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 Zumbro Falls?

The median home value in Zumbro Falls is $338k. The median monthly rent is $928. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Zumbro Falls?

Home values in Zumbro Falls have decreased 0.6% 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 Zumbro Falls?

Based on a typical all-in ownership cost of $1,259/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Zumbro Falls is $92k/year.

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What industries drive the economy in Zumbro Falls?

The largest employment sectors in Zumbro Falls are public administration (24%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.