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Waterville, MN

Full City Profile · Minnesota · Le Sueur County County

3.0 /5.0
B Good
1,778 Population 1,052/sq mi density
$67,721 Median Income $34,940 per capita
$216,700 Home Value $310,019 Zillow
$835 Median Rent 40.3% income on rent
45°F Avg Temperature 270 sunny days/yr
107 Violent Crime/100K 587 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$67,721 median income, 3.9% unemployment
A+
Affordability
4.9 / 5.0
$216,700 home value, $835/mo rent
F
Safety
1.0 / 5.0
107 violent crimes/100K
C
Education
2.4 / 5.0
17.1% bachelor's degree or higher

Housing Overview

Median Home Value
$216,700
23% below
US avg: $281,900
Median Rent
$835/mo
28% below
US avg: $1,163/mo
Homeownership Rate
76.7%
17% above US avg (65.4%)
Total Housing Units
1,022
Median year built: 1967

Home Value by Source

Census Median
$216,700
Zillow (ZHVI)
$310,019
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

76.7%
Owner-Occupied
23.3%
Renter-Occupied
77%
23%
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: $835/mo

Affordability & Housing Stock

Rent Burden
40.3%
of renters spending 30%+ of income on housing
30% above US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
76.7%

Complete Housing Data

Home Values

Census Median Value$216,700
Zillow Home Value (ZHVI)$310,019

Rent

Census Median Rent$835
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-Occupied76.7%
Renter-Occupied23.3%
Homeownership Rate76.7%
Total Housing Units1,022
Median Year Built1967
Rent Burden40.3%