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Waltham, MN

Full City Profile · Minnesota · Mower County County

2.7 /5.0
C+ Fair
185 Population 385/sq mi density
$75,833 Median Income $21,742 per capita
$112,500 Home Value $274,137 Zillow
$1,069 Median Rent 21.3% income on rent
45°F Avg Temperature 260 sunny days/yr
266 Violent Crime/100K 2,362 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$75,833 median income, 7.1% unemployment
A+
Affordability
5.0 / 5.0
$112,500 home value, $1,069/mo rent
F
Safety
1.0 / 5.0
266 violent crimes/100K
F
Education
1.1 / 5.0
1.0% bachelor's degree or higher

Housing Overview

Median Home Value
$112,500
60% below
US avg: $281,900
Median Rent
$1,069/mo
8% below
US avg: $1,163/mo
Homeownership Rate
74.1%
13% above US avg (65.4%)
Total Housing Units
68
Median year built: 1945

Home Value by Source

Census Median
$112,500
Zillow (ZHVI)
$274,137
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

74.1%
Owner-Occupied
25.9%
Renter-Occupied
74%
26%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $1,069/mo

Affordability & Housing Stock

Rent Burden
21.3%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1945
Average age of housing stock: 81 years
Homeownership Rate
74.1%

Complete Housing Data

Home Values

Census Median Value$112,500
Zillow Home Value (ZHVI)$274,137

Rent

Census Median Rent$1,069
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Ownership & Stock

Owner-Occupied74.1%
Renter-Occupied25.9%
Homeownership Rate74.1%
Total Housing Units68
Median Year Built1945
Rent Burden21.3%