Waseca, Minnesota.
Typical home $251,687 (+1.6% in a year).
to buy the typical home at today's mortgage rate — +$695 (+111%) since Jan 2020.
- 1 year
- Up $3,851 +2%
- $247,836$251,687 since Sep 2025
- 5 years
- Up $43,221 +21%
- $208,466$251,687 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Waseca$1,321
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Waseca, MN rose 1.6% over the past year — faster than the nation's +1.2%.
Living in Waseca, Waseca County, Minnesota
Waseca is a city of 9,229 people in Waseca County. Half its households earn more than $64,074 a year and half less, against $76,261 across Waseca County; 10% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Waseca County was 5.0% in August 2026, and the county had 1.8% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Waseca is a small city and the seat of Waseca County, in the farm country of southern Minnesota. Most homes are lived in by their owners, and the typical home value sits in the middle of the range for a town this size. Household incomes run below the county's as a whole, and winters are cold and snowy, with January the coldest month and July the warmest.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops, and restaurants and hotels close behind. The largest workplaces in Waseca include the Waseca Public School District, Cinch Connectivity Solutions, which makes connectors, and Mayo Clinic Health System - Waseca, a critical access hospital. Unemployment across the county has risen a little over the past year, and there are somewhat fewer jobs in the county than there were the year before. Most people have a short drive to work, and very few work from home.
Things to do. In or beside town, the Waseca County Historical Society Museum is the place to learn about the area's past. A short drive away are Remund Lake and Toners Lake, both good for time on the water. Farther out, Rice Lake State Park is a protected area for walking and watching wildlife.
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- 3,546households
- 17%of adults have a degree
- 10%below the poverty line
- 19 mintypical commute
- 3%work from home
What residents work in
Employed residents by industry, from the Census survey. Waseca County had 5,429 jobs in 2025, 1.8% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 5°; warmest in July, with highs near 81° and lows near 61°. About 52 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Waseca South Rsch & Outreach Ctr weather station, a mile away (NOAA).
Largest workplaces in Waseca
- Waseca Public School DistrictSchool district223FTE
- Cinch Connectivity SolutionsCoaxial connectors manufacturing210
- WalmartWarehouse clubs and supercenters187
- Bureau of Prisons/federal Prison SystemFederal government · Department of Justice121
- IcanIdd multi-service121
- District Wide EmployeesK-12 education119
- Mayo Clinic Health System - WasecaCritical access hospital92FTE
- High School GradesK-12 education82
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 1,497 people in all. School districts come from the Common Core of Data (NCES, 2023–24), federal offices from OPM's federal workforce data (2026) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- Cold wavesVery high
- Winter weatherRelatively high
- HailRelatively high
- TornadoesRelatively high
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Waseca’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Waseca County.
Waseca home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Waseca$251,687
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Waseca listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Waseca26.12%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Waseca39
New listings per month
Sellers arriving at the market.
- Waseca12
Zip codes with a Waseca address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Waseca — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.