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Zumbrota-Mazeppa

Learn about the people, housing, costs and businesses in Zumbrota-Mazeppa, Minnesota

Median Home$306,686
Median Rent$900/month
Population7,809
Leading IndustriesPublic Administration · Wholesale Trade · Construction33% public administration
Home Value Growth+5.4% over 2 years
Retirees21% of residentsnear the national average
Homeowners80% of occupied units
NotableHigh Incomes$89k/year · top 25% nationally
NotableVeteran Community8% of residents · top 27% nationally
Zumbrota-Mazeppa
MN

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Frequently Asked Questions

What are today's mortgage rates in Zumbrota-Mazeppa?

As of today, the 30-year fixed mortgage rate for Zumbrota-Mazeppa is approximately 6.948% (6.986% 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 Zumbrota-Mazeppa?

The median home value in Zumbrota-Mazeppa is $307k. The median monthly rent is $900. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Zumbrota-Mazeppa?

Home values in Zumbrota-Mazeppa have increased 5.4% 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 Zumbrota-Mazeppa?

Based on a typical all-in ownership cost of $1,175/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Zumbrota-Mazeppa is $89k/year.

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What industries drive the economy in Zumbrota-Mazeppa?

The largest employment sectors in Zumbrota-Mazeppa are public administration (33%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.