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Wheaton, MN
Full City Profile · Minnesota · Traverse County County
3.1
/5.0
B
Good
1,334
Population
767/sq mi density
$52,260
Median Income
$34,309 per capita
$82,200
Home Value
$120,504 Zillow
$582
Median Rent
31.2% income on rent
44°F
Avg Temperature
276 sunny days/yr
77
Violent Crime/100K
2,008 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$52,260 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$82,200 home value, $582/mo rent
F
Safety
1.0 / 5.0
77 violent crimes/100K
C+
Education
2.6 / 5.0
20.3% bachelor's degree or higher
Housing Overview
Median Home Value
$82,200
71% below
US avg: $281,900
Median Rent
$582/mo
50% below
US avg: $1,163/mo
Homeownership Rate
77.1%
18% above US avg (65.4%)
Total Housing Units
783
Median year built: 1963
Home Value by Source
Census Median
$82,200
Zillow (ZHVI)
$120,504
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.1%
Owner-Occupied
22.9%
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:
$582/mo
Affordability & Housing Stock
Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
77.1%
Complete Housing Data
Home Values
| Census Median Value | $82,200 |
| Zillow Home Value (ZHVI) | $120,504 |
Rent
| Census Median Rent | $582 |
| 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 | 77.1% |
| Renter-Occupied | 22.9% |
| Homeownership Rate | 77.1% |
| Total Housing Units | 783 |
| Median Year Built | 1963 |
| Rent Burden | 31.2% |