Carlton County, Minnesota Housing Market
In Carlton County, Minnesota, the median home value is $245,100, with a median monthly rent of $1,009. This places Carlton County at #932 nationally out of 3134 counties by median home value, and #37 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: $1,141
- Establishments: 709
- BLS QCEW, 2025
Housing Supply
- Single-family: 109
- Multi-family: 46
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,599 (avg $71,946)
- Outflow: 14,015 (avg $72,180)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Carlton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55797 | 372.4 | +35.97% | 2025 |
| 2 | 55767 | 261.1 | +6.85% | 2025 |
| 3 | 55707 | 280.6 | +16.21% | 2025 |
| 4 | 55733 | 304.8 | +16.31% | 2025 |
| 5 | 55718 | 257.8 | +19.70% | 2025 |
| 6 | 55720 | 282.2 | +10.89% | 2025 |
| 7 | 55810 | 294.4 | +11.61% | 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 Carlton County Compares
| Metric | Carlton County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $245,100 | $238,335 | $227,706 |
| Median Gross Rent | $1,009 | $938 | $968 |
| Owner Occupancy Rate | 80.0% | 77.9% | 73.3% |
| Price/Rent Ratio | 20.2 | 21.1 | 18.7 |
Market Analysis
The median home value in Carlton County is 2.8% above the Minnesota state average and 7.6% above the U.S. national average. The median rent of $1,009/month is 7.6% above the state average.
With a price-to-rent ratio of 20.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Carlton County has an owner-occupancy rate of 80.0%, 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 |
|---|---|---|---|
| Madison County | Iowa | $245,100 | $1,036 |
| Glasscock County | Texas | $245,200 | $648 |
| Logan County | Colorado | $245,300 | $1,013 |
| Steele County | Minnesota | $245,400 | $1,061 |
| Fallon County | Montana | $244,800 | $779 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Steele County | $245,400 | $1,061 | 79.4% |
| McLeod County | $246,100 | $941 | 77.4% |
| Kandiyohi County | $243,200 | $909 | 72.5% |
| Morrison County | $248,500 | $788 | 80.6% |
| Lake County | $241,300 | $1,093 | 83.5% |
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).