The typical owner-occupied home in Westbrook is worth about $78,200, 76% below the Minnesota median of $329,300 and 76% below the national median of $332,700. Owners pay a median $1,264 a year in property taxes, about 1.62% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $35,119 a year, so the median home costs 2.2 times the median income (3.7 times for Minnesota). 62% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Westbrook at a glance
| Westbrook | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $78,200 | $329,300 | $332,700 |
| Median property tax paid per year | $1,264 | $3,357 | $3,119 |
| Property tax as a share of value | 1.62% | 1.02% | 0.94% |
| Median household income | $35,119 | $89,062 | $80,734 |
| Homes lived in by their owners | 62% | 72% | 65% |
| Owner homes with a mortgage | 34% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,219 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.7% | 21.0% |
| Median rent | $605 | $1,280 | $1,413 |
| Rent as a share of renters' income | 31.5% | 29.2% | 30.6% |
| Median year homes were built | 1959 | 1979 | 1980 |
| Vacant homes | 8.5% | 9.3% | 10.1% |
| Population | 792 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Westbrook
At this week's average 30-year rate of 7.11%, buying the median Westbrook home of $78,200 with 20% down costs about $559 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $689, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,957 for the 20%-down payment. That payment is 19% of the median Westbrook household income of $35,119; at that income and 20% down, the 28% guideline points to a home of about $115,000.
The median rent here is $605 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,640 |
|---|---|
| Loan amount | $62,560 |
| Principal and interest | $421 |
| Property taxes (1.62% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $559 |
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| Down payment | $2,737 |
|---|---|
| Loan amount | $76,784 |
| Principal and interest | $517 |
| Property taxes (1.62% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $689 |
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Questions about home buying in Westbrook
What is the median home value in Westbrook?
About $78,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westbrook?
Homeowners pay a median $1,264 a year, which is about 1.62% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Westbrook?
For the median home with 20% down at 7.11%, the payment is about $559 a month. Keeping that under 28% of gross income takes about $23,957 a year.
More about Westbrook
- Mortgage Refinance in Westbrook
- Debt Relief in Westbrook
- Home Equity Loans in Westbrook
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data