The median home value in Wells, MN is $114,600. This is lower than the county median home value of $133,300. The national median home value is $338,100. The average price of homes sold in Wells, MN is $114,600. Approximately 70.31% of Wells homes are owned, compared to 19.47% rented, while 10.22% are vacant. Wells real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Wells real estate agent to arrange a tour today!
Learn More About Wells Real EstateWells has a population of approximately 2,283 and experiences a population change rate of -8.46%. The population density is 1,167.8 / sq mi.
The median household income for Wells is $47,383, with 1,019 households and an average household size of 2.2.
The cost of living index in Wells is 76.1%.
The median value of a home in Wells is $114,600 with an appreciation rate of 11.6%. 70.3% of housing in the city is owned while 19.5% is rented.
The unemployment rate in Wells is 3.20%, and recent job growth is at -2.54%. Future job growth is projected at 23.26%.
The sales tax rate in Wells is 7.38%, while the income tax rate is 6.80%.
School expenditures in Wells are $15,035, and the school ratio is 15.9:1.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 5.1 degrees. The average rainfall is approximately 32.4 inches per year, with 40.6 inches of snow per year.
Metric | City | County |
---|---|---|
High School Graduates | 91.22 | 92.55 |
College Degree - 2 year | 9.6 | 13.17 |
College Degree - 4 year | 21.5 | 20.23 |
Graduate Degree | 3.93 | 3.24 |
Expenditures per Student | $15,035 | $15,035 |
Students per Teacher | 15.90 | 15.90 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Alden-Conger Elementary School | PK - 06 | 269 | 12.8 | 56009 |
Maple River East Elementary School | PK - 05 | 181 | 13.3 | 56068 |
United South Central Elementary School | PK - 06 | 365 | 12.6 | 56097 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Maple River Middle School | 06 - 08 | 225 | 15.4 | 56065 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Alden-Conger Secondary School | 07 - 12 | 230 | 15.7 | 56009 |
Maple River Senior High School | 09 - 12 | 322 | 14.8 | 56065 |
United South Central High School | 07 - 12 | 314 | 14.9 | 56097 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Nrheg Secondary School | 06 - 12 | 496 | 15.1 | 56072 |
Southern Minnesota Special Service Coop | 01 - 07 | 0 | null | 56097 |