Hubbard County, Minnesota Housing Market
In Hubbard County, Minnesota, the median home value is $282,600, with a median monthly rent of $905. This places Hubbard County at #715 nationally out of 3134 counties by median home value, and #22 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: $919
- Establishments: 633
- BLS QCEW, 2025
Housing Supply
- Single-family: 21
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 9,011 (avg $73,944)
- Outflow: 8,428 (avg $73,462)
- IRS Statistics of Income
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| Metric | Hubbard County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $282,600 | $238,335 | $227,706 |
| Median Gross Rent | $905 | $938 | $968 |
| Owner Occupancy Rate | 83.1% | 77.9% | 73.3% |
| Price/Rent Ratio | 26.0 | 21.1 | 18.7 |
Market Analysis
The median home value in Hubbard County is 18.6% above the Minnesota state average and 24.1% above the U.S. national average. The median rent of $905/month is 3.5% below the state average.
With a price-to-rent ratio of 26.0, Hubbard 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.
Hubbard County has an owner-occupancy rate of 83.1%, 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 |
|---|---|---|---|
| Umatilla County | Oregon | $282,600 | $997 |
| Putnam County | Tennessee | $282,500 | $908 |
| Amelia County | Virginia | $282,400 | $1,164 |
| Leavenworth County | Kansas | $282,900 | $1,219 |
| Plaquemines Parish | Louisiana | $282,900 | $1,573 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Goodhue County | $285,100 | $966 | 78.8% |
| 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).