Douglas County, Minnesota Housing Market
In Douglas County, Minnesota, the median home value is $321,400, with a median monthly rent of $927. This places Douglas County at #523 nationally out of 3134 counties by median home value, and #13 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: $1,133
- Establishments: 1,397
- BLS QCEW, 2025
Housing Supply
- Single-family: 157
- Multi-family: 162
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 17,500 (avg $90,000)
- Outflow: 16,747 (avg $89,665)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Douglas County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56319 | 244.9 | +9.68% | 2025 |
| 2 | 56354 | 343.7 | — | 2025 |
| 3 | 56360 | 229.1 | -6.22% | 2025 |
| 4 | 56334 | 291.4 | -0.87% | 2025 |
| 5 | 56308 | 266.9 | +4.02% | 2025 |
| 6 | 56315 | 225.2 | — | 2024 |
| 7 | 56332 | 248.9 | — | 2024 |
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.
How Douglas County Compares
| Metric | Douglas County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $321,400 | $238,335 | $227,706 |
| Median Gross Rent | $927 | $938 | $968 |
| Owner Occupancy Rate | 76.5% | 77.9% | 73.3% |
| Price/Rent Ratio | 28.9 | 21.1 | 18.7 |
Market Analysis
The median home value in Douglas County is 34.9% above the Minnesota state average and 41.1% above the U.S. national average. The median rent of $927/month is 1.2% below the state average.
With a price-to-rent ratio of 28.9, Douglas County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Douglas County has an owner-occupancy rate of 76.5%, 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 |
|---|---|---|---|
| Iredell County | North Carolina | $321,400 | $1,252 |
| Wilson County | Texas | $321,300 | $1,069 |
| Kerr County | Texas | $321,200 | $1,109 |
| Nelson County | Virginia | $321,700 | $946 |
| Lincoln County | North Carolina | $321,000 | $1,015 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Rice County | $320,200 | $1,083 | 76.3% |
| Le Sueur County | $316,500 | $942 | 81.0% |
| Ramsey County | $326,600 | $1,329 | 60.6% |
| Olmsted County | $331,700 | $1,370 | 70.6% |
| Crow Wing County | $306,800 | $971 | 77.0% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).