Goodhue County, Minnesota Housing Market
In Goodhue County, Minnesota, the median home value is $285,100, with a median monthly rent of $966. This places Goodhue County at #700 nationally out of 3134 counties by median home value, and #21 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: $1,225
- Establishments: 1,301
- BLS QCEW, 2025
Housing Supply
- Single-family: 74
- Multi-family: 10
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 21,104 (avg $85,833)
- Outflow: 20,189 (avg $86,835)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Goodhue County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55983 | 247.5 | — | 2025 |
| 2 | 55041 | 251.4 | -2.22% | 2025 |
| 3 | 55053 | 229.3 | +7.27% | 2025 |
| 4 | 55027 | 259.0 | +7.53% | 2025 |
| 5 | 55066 | 212.1 | +3.62% | 2025 |
| 6 | 55992 | 228.1 | -0.89% | 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 Goodhue County Compares
| Metric | Goodhue County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $285,100 | $238,335 | $227,706 |
| Median Gross Rent | $966 | $938 | $968 |
| Owner Occupancy Rate | 78.8% | 77.9% | 73.3% |
| Price/Rent Ratio | 24.6 | 21.1 | 18.7 |
Market Analysis
The median home value in Goodhue County is 19.6% above the Minnesota state average and 25.2% above the U.S. national average. The median rent of $966/month is 3.0% above the state average.
With a price-to-rent ratio of 24.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Goodhue County has an owner-occupancy rate of 78.8%, 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 |
|---|---|---|---|
| Monroe County | Indiana | $285,200 | $1,193 |
| Moore County | Tennessee | $285,300 | $841 |
| Williams County | North Dakota | $284,800 | $1,123 |
| Jackson County | North Carolina | $284,700 | $904 |
| Millard County | Utah | $284,700 | $882 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hubbard County | $282,600 | $905 | 83.1% |
| Dodge County | $287,700 | $1,020 | 86.6% |
| Cass County | $288,300 | $863 | 86.2% |
| Becker County | $291,000 | $920 | 77.2% |
| Stearns County | $273,400 | $1,068 | 67.9% |
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).