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
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-Occupied | 74.1% |
| Renter-Occupied | 25.9% |
| Homeownership Rate | 74.1% |
| Total Housing Units | 68 |
| Median Year Built | 1945 |
| Rent Burden | 21.3% |
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