Hoffman, MN
Population 708 · Minnesota
About Hoffman, MN
Hoffman is a small community located in Minnesota with a population of 708 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,000 per year, which is 37% below the national median of $75,149. The median age of 34.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hoffman features a median home value of $127,700, which is 48% below the national median of $244,900. This makes Hoffman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $750, 36% below the national average of $1,163/month. Of the 343 total housing units, 62% are owner-occupied (187 units) and 38% are renter-occupied (117 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hoffman shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.4%, above the national average of 12.4%. Workers in Hoffman have an average one-way commute time of 32.1 minutes.
Education & Demographics
14.3% of Hoffman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.9% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Hoffman, MN
Compared to national averages, Hoffman has a median household income of $47,000 (37% below the national median of $75,149). Home values average $127,700, which is 48% below the national median. Monthly rent at $750 is 36% below the US average of $1,163. Within Minnesota, Hoffman's income is 37% below the state average of $74,221, and home values are 38% below the state median of $204,472.
Why Live in Hoffman, MN?
Hoffman offers affordable housing with a median home value of $127,700, below the US average of $244,900, and rent that’s lower than the national average at $750/month, and a strong job market with an unemployment rate of just 3.4%.
Potential considerations include median household income ($47,000) that falls below the national average. However, Hoffman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hoffman has a population of 708 with a median age of 34.8 years. Compare Hoffman with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Hoffman
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Vineland | 709 | $55,781 | $135,000 | Compare |
| Marine on St. Croix | 712 | $123,750 | $464,100 | Compare |
| Blackduck | 715 | $35,417 | $138,800 | Compare |
| Clarissa | 700 | $45,500 | $104,000 | Compare |
| Sebeka | 716 | $40,179 | $82,900 | Compare |
| Lake Benton | 698 | $52,000 | $91,900 | Compare |
| Walnut Grove | 719 | $59,583 | $81,000 | Compare |
| Greenwood | 720 | $199,063 | $1,041,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hoffman With Other Cities
Frequently Asked Questions about Hoffman
What is the population of Hoffman, MN?
The population of Hoffman, MN is 708 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Hoffman?
The median household income in Hoffman, MN is $47,000 per year, which is 37% below the national median of $75,149.
What is the median home value in Hoffman?
The median home value in Hoffman, MN is $127,700, which is 48% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hoffman?
The median monthly rent in Hoffman, MN is $750, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Hoffman?
The unemployment rate in Hoffman, MN is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hoffman, MN a good place to live?
Hoffman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 708 and a median age of 34.8, the city appeals to young professionals and families.
How educated is Hoffman, MN?
14.3% of residents in Hoffman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hoffman?
Key cost-of-living indicators for Hoffman, MN: median home value is $127,700 (48% below national), median rent is $750/month, and median household income is $47,000. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hoffman?
The poverty rate in Hoffman, MN is 21.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Hoffman, MN?
Hoffman's population is 5.9% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.4% two or more races. 2.4% of residents are foreign-born.