City:

Wilmont, MN

Wilmont is a city in the state of minnesota with a population of roughly 551. It is in Nobles County, Minnesota the Worthington, MN core-based statistical areas (CBSA), Its Zip codes include 56185 .

Trends in Home Prices in Wilmont, MN

Wilmont is a small town located in Hennepin County, Minnesota. The population was 1,827 at the 2010 census. Wilmont is home to a number of lakes and parks, as well as a variety of businesses and homes. The town's economy is based largely on real estate and tourism.

Wilmont has been in existence since 1872, when it was founded by settler John W. Wilmot. The town was originally named "Wilmot" after the settler, but was later renamed " Wilmont" after the Wilmot family of England. The town's first business was a general store operated by John W. Wilmot and his son-in-law, James Aitkenhead. In 1881, the railroad came to Wilmont and started bringing in new residents and businesses; this led to an increase in real estate activity in the town. Today, Wilmont is home to many businesses that are related to real estate: from mortgage companies to real estate agents/brokerships to home builders/developers.

The economy of Wilmont is based largely on real estate and tourism; according to the 2010 census, 61% of the population are employed in some capacity related to real estate or tourism (either directly or through an employer). Tourism is especially important for Wilmont; according to VisitMinn., it is one of Minnesota's top ten tourist destinations (based on visitation). Visitors come for a variety of reasons: fishing at nearby lakes such as Silver Lake or White Bear Lake; hiking trails such as Minnehaha Falls State Park or Devils Ridge State Park; golfing at nearby courses like Twin Cities Golf Club or Hidden Valley Golf Club; shopping at local boutiques and stores like JCPenney or Target; dining at local restaurants like Joe's Crab Shack or Lenny & Larry's Bar & Grill; seeing historical sites like Fort Snelling National Monument or Old Mill District Historic District; visiting family members who live in Wilmont; etc. All these activities contribute significantly to the economy of Wilmondt while also providing jobs for residents of the town.

Real estate activity has been strong in recent years in Wilmont thanks largely to two factors: firstly, there are many families who want their children raised near family members so they have decided to move into the area instead of expanding outwards into more rural areas (resulting in increased demand for housing); secondly, there has been an increase nationally in people wanting smaller homes closer together (resulting from changes made by current government policies encouraging homeownership). As a result, prices for homes have increased significantly over recent years both within the city limits of Wilmont itself (where prices have increased by about 25%) but also throughout Hennepin County as a whole (where prices have increased by about 30%). Despite these high prices however, there are still plenty of houses available for sale within both urban and rural areas within Hennepin County – so if you're looking for your next home purchase you should definitely check out listings available in Wilmont!

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