Wheaton, Minnesota.
Typical home $125,617 (+9.2% in a year).
to buy the typical home at today's mortgage rate — +$347 (+111%) since Jan 2020.
- 1 year
- Up $10,612 +9%
- $115,005$125,617 since Sep 2025
- 5 years
- Up $31,552 +34%
- $94,065$125,617 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.
- Wheaton$659
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Wheaton, MN rose 9.2% over the past year — faster than the nation's +1.2%.
Living in Wheaton, Traverse County, Minnesota
Wheaton is a city of 1,460 people in Traverse County. Half its households earn more than $45,781 a year and half less, against $62,989 across Traverse County; 15% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in Traverse County was 4.0% in August 2026, and the county had 5.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
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 It can be wrong or out of date.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. Wheaton is a small city and the seat of Traverse County, with a population on the older side and most homes lived in by their owners. Incomes run well below the county's as a whole, and homes are modestly priced. Winters are long and cold, with a good deal of snow, and summers turn warm.
Work. Many residents work in schools, hospitals and social care, with shops, manufacturing, and banks, insurance and property also providing a good share of jobs. Among the largest workplaces in Wheaton are the Wheaton Area Public School District, Sanford Medical Center Wheaton and Minnewaska Lutheran Home. Unemployment across Traverse County has risen a little over the past year, and the county has fewer jobs than it did the year before.
Things to do. The Mustinka River and Lake Traverse, a reservoir, are both a short drive away and suit time on the water or along the shore. Farther afield, Big Stone Lake, also a reservoir, and Big Stone Lake State Park are a longer drive away.
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- 647households
- 18%of adults have a degree
- 15%below the poverty line
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Traverse County had 1,015 jobs in 2025, 5.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 20° and lows near 3°; warmest in July, with highs near 82° and lows near 62°. About 43 inches of snow and 25 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Wheaton weather station, under a mile away (NOAA).
Largest workplaces in Wheaton
- Wheaton Area Public School DistrictSchool district60FTE
- Minnewaska Lutheran HomeSkilled nursing facilities44
- Sanford Medical Center WheatonCritical access hospital37FTE
- Kibble Equipment - WheatonAgricultural machinery and equipment merchant wholesalers26
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 147 people in all. School districts come from the Common Core of Data (NCES, 2023–24) 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
- Winter weatherVery high
- Strong windVery high
- Cold wavesVery high
- HailRelatively high
- Inland floodingRelatively high
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Wheaton’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 Traverse County.
Wheaton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Wheaton$125,617
- Minnesota$348,778
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Wheaton8
Zip codes with a Wheaton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Wheaton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.