Blue Earth County, Minnesota Housing Market
In Blue Earth County, Minnesota, the median home value is $266,700, with a median monthly rent of $1,123. This places Blue Earth County at #801 nationally out of 3134 counties by median home value, and #27 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: $1,111
- Establishments: 2,046
- BLS QCEW, 2025
Housing Supply
- Single-family: 186
- Multi-family: 88
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 27,326 (avg $88,055)
- Outflow: 26,176 (avg $88,111)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Blue Earth County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56065 | 212.2 | -2.81% | 2025 |
| 2 | 56024 | 220.7 | +8.04% | 2025 |
| 3 | 56063 | 263.6 | +16.72% | 2025 |
| 4 | 56048 | 269.3 | +3.30% | 2025 |
| 5 | 56073 | 214.0 | +1.76% | 2025 |
| 6 | 56001 | 217.0 | +3.58% | 2025 |
| 7 | 56003 | 213.8 | +1.76% | 2025 |
| 8 | 56055 | 219.0 | -0.52% | 2025 |
| 9 | 56080 | 156.1 | +0.46% | 2021 |
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 Blue Earth County Compares
| Metric | Blue Earth County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $266,700 | $238,335 | $227,706 |
| Median Gross Rent | $1,123 | $938 | $968 |
| Owner Occupancy Rate | 61.4% | 77.9% | 73.3% |
| Price/Rent Ratio | 19.8 | 21.1 | 18.7 |
Market Analysis
The median home value in Blue Earth County is 11.9% above the Minnesota state average and 17.1% above the U.S. national average. The median rent of $1,123/month is 19.7% above the state average.
With a price-to-rent ratio of 19.8, the buy-vs-rent decision in Blue Earth County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Blue Earth County has an owner-occupancy rate of 61.4%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Polk County | Florida | $266,500 | $1,363 |
| Allegan County | Michigan | $267,100 | $1,100 |
| Ward County | North Dakota | $267,100 | $1,048 |
| Berkeley County | West Virginia | $266,300 | $1,233 |
| Clermont County | Ohio | $266,200 | $1,107 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clay County | $265,500 | $1,019 | 65.9% |
| Wabasha County | $264,400 | $830 | 83.3% |
| Nicollet County | $270,300 | $970 | 72.2% |
| Benton County | $271,000 | $982 | 66.7% |
| Otter Tail County | $273,000 | $868 | 79.5% |
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).