All Countries
Wells, MN
Full City Profile · Minnesota · Faribault County County
3.2
/5.0
B
Good
2,317
Population
1,109/sq mi density
$58,663
Median Income
$31,393 per capita
$93,200
Home Value
$136,098 Zillow
$699
Median Rent
28.2% income on rent
46°F
Avg Temperature
260 sunny days/yr
92
Violent Crime/100K
277 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$58,663 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$93,200 home value, $699/mo rent
F
Safety
1.0 / 5.0
92 violent crimes/100K
C+
Education
2.6 / 5.0
19.8% bachelor's degree or higher
Housing Overview
Median Home Value
$93,200
67% below
US avg: $281,900
Median Rent
$699/mo
40% below
US avg: $1,163/mo
Homeownership Rate
76.0%
16% above US avg (65.4%)
Total Housing Units
1,135
Median year built: 1954
Home Value by Source
Census Median
$93,200
Zillow (ZHVI)
$136,098
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.0%
Owner-Occupied
24.0%
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:
$699/mo
Affordability & Housing Stock
Rent Burden
28.2%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1954
Average age of housing stock: 72 years
Homeownership Rate
76.0%
Complete Housing Data
Home Values
| Census Median Value | $93,200 |
| Zillow Home Value (ZHVI) | $136,098 |
Rent
| Census Median Rent | $699 |
| 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 | 76.0% |
| Renter-Occupied | 24.0% |
| Homeownership Rate | 76.0% |
| Total Housing Units | 1,135 |
| Median Year Built | 1954 |
| Rent Burden | 28.2% |