Grant County, Minnesota Housing Market
In Grant County, Minnesota, the median home value is $191,000, with a median monthly rent of $797. This places Grant County at #1501 nationally out of 3134 counties by median home value, and #60 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: $1,004
- Establishments: 231
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,591 (avg $72,006)
- Outflow: 2,439 (avg $73,054)
- IRS Statistics of Income
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| Metric | Grant County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $191,000 | $238,335 | $227,706 |
| Median Gross Rent | $797 | $938 | $968 |
| Owner Occupancy Rate | 79.2% | 77.9% | 73.3% |
| Price/Rent Ratio | 20.0 | 21.1 | 18.7 |
Market Analysis
The median home value in Grant County is 19.9% below the Minnesota state average and 16.1% below the U.S. national average. The median rent of $797/month is 15.0% below the state average.
With a price-to-rent ratio of 20.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Grant County has an owner-occupancy rate of 79.2%, 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 |
|---|---|---|---|
| Nash County | North Carolina | $191,000 | $953 |
| Fulton County | Ohio | $191,000 | $863 |
| Burleson County | Texas | $191,000 | $1,063 |
| Calhoun County | Illinois | $190,900 | $583 |
| Perry County | Ohio | $191,100 | $777 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Brown County | $191,200 | $890 | 78.9% |
| Clearwater County | $192,100 | $742 | 80.1% |
| Pennington County | $195,500 | $862 | 72.2% |
| Murray County | $185,400 | $810 | 82.2% |
| Mower County | $185,200 | $927 | 77.6% |
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).