Waltham, MN
Population 185 · Minnesota
About Waltham, MN
Waltham is a small community located in Minnesota with a population of 185 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,833 per year, which is 1% above the national median of $75,149. The median age of 30.8 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 Waltham features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Waltham one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,069, 8% below the national average of $1,163/month. Of the 62 total housing units, 74% are owner-occupied (43 units) and 26% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waltham shows an unemployment rate of 8.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waltham have an average one-way commute time of 18.8 minutes, one of the shorter commutes in the region.
Education & Demographics
1.0% of Waltham 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 21.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Waltham, MN
Compared to national averages, Waltham has a median household income of $75,833 (1% above the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $1,069 is 8% below the US average of $1,163. Within Minnesota, Waltham's income is 2% above the state average of $74,221, and home values are 45% below the state median of $204,472.
Why Live in Waltham, MN?
Waltham offers a strong local economy with a median household income of $75,833, well above the national average, and affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $1,069/month. Additionally, the city features a low poverty rate of 11.4%, better than the national average, and short commute times averaging just 18.8 minutes.
Waltham has a population of 185 with a median age of 30.8 years. Compare Waltham with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waltham
What is the population of Waltham, MN?
The population of Waltham, MN is 185 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 Waltham?
The median household income in Waltham, MN is $75,833 per year, which is 1% above the national median of $75,149.
What is the median home value in Waltham?
The median home value in Waltham, MN is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waltham?
The median monthly rent in Waltham, MN is $1,069, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Waltham?
The unemployment rate in Waltham, MN is 8.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waltham, MN a good place to live?
Waltham offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 185 and a median age of 30.8, the city appeals to young professionals and families.
How educated is Waltham, MN?
1.0% of residents in Waltham 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 Waltham?
Key cost-of-living indicators for Waltham, MN: median home value is $112,500 (54% below national), median rent is $1,069/month, and median household income is $75,833. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waltham?
The poverty rate in Waltham, MN is 11.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waltham, MN?
Waltham's population is 21.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.