Aitkin County, Minnesota Housing Market
In Aitkin County, Minnesota, the median home value is $255,800, with a median monthly rent of $869. This places Aitkin County at #862 nationally out of 3134 counties by median home value, and #31 within Minnesota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $952
- Establishments: 421
- BLS QCEW, 2025
Housing Supply
- Single-family: 170
- Multi-family: 44
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,927 (avg $70,819)
- Outflow: 6,434 (avg $69,060)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Aitkin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56342 | 245.2 | +9.03% | 2025 |
| 2 | 56431 | 252.2 | +1.19% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Aitkin County Compares
| Metric | Aitkin County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $255,800 | $238,335 | $227,706 |
| Median Gross Rent | $869 | $938 | $968 |
| Owner Occupancy Rate | 85.3% | 77.9% | 73.3% |
| Price/Rent Ratio | 24.5 | 21.1 | 18.7 |
Market Analysis
The median home value in Aitkin County is 7.3% above the Minnesota state average and 12.3% above the U.S. national average. The median rent of $869/month is 7.4% below the state average.
With a price-to-rent ratio of 24.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Aitkin County has an owner-occupancy rate of 85.3%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| LaGrange County | Indiana | $255,900 | $839 |
| McClain County | Oklahoma | $255,900 | $954 |
| Lincoln County | Idaho | $255,600 | $1,021 |
| Antrim County | Michigan | $255,500 | $902 |
| Silver Bow County | Montana | $255,200 | $863 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pope County | $255,100 | $902 | 83.5% |
| Mille Lacs County | $258,300 | $903 | 77.9% |
| Meeker County | $249,000 | $904 | 79.3% |
| Morrison County | $248,500 | $788 | 80.6% |
| Wabasha County | $264,400 | $830 | 83.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).