Chippewa County, Minnesota Housing Market
In Chippewa County, Minnesota, the median home value is $156,100, with a median monthly rent of $869. This places Chippewa County at #2115 nationally out of 3134 counties by median home value, and #81 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: $1,014
- Establishments: 379
- BLS QCEW, 2025
Housing Supply
- Single-family: 9
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,063 (avg $75,108)
- Outflow: 4,819 (avg $76,667)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Chippewa County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56241 | 204.7 | +8.80% | 2025 |
| 2 | 56265 | 250.9 | +2.29% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Chippewa County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Chippewa County →How Chippewa County Compares
| Metric | Chippewa County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $156,100 | $238,335 | $227,706 |
| Median Gross Rent | $869 | $938 | $968 |
| Owner Occupancy Rate | 72.3% | 77.9% | 73.3% |
| Price/Rent Ratio | 15.0 | 21.1 | 18.7 |
Market Analysis
The median home value in Chippewa County is 34.5% below the Minnesota state average and 31.4% below 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 15.0, the buy-vs-rent decision in Chippewa County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Chippewa County has an owner-occupancy rate of 72.3%, 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 |
|---|---|---|---|
| Ringgold County | Iowa | $156,200 | $710 |
| Vernon Parish | Louisiana | $156,000 | $1,068 |
| Mineral County | Nevada | $156,200 | $905 |
| Buena Vista city | Virginia | $156,200 | $1,112 |
| Monroe County | Iowa | $156,300 | $798 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Koochiching County | $156,600 | $671 | 80.4% |
| Jackson County | $157,100 | $787 | 80.1% |
| Yellow Medicine County | $154,700 | $678 | 84.0% |
| Lac qui Parle County | $157,600 | $728 | 82.5% |
| Redwood County | $158,200 | $757 | 78.4% |
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).