Koochiching County, Minnesota Housing Market
In Koochiching County, Minnesota, the median home value is $156,600, with a median monthly rent of $671. This places Koochiching County at #2099 nationally out of 3134 counties by median home value, and #80 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: $1,058
- Establishments: 376
- BLS QCEW, 2025
Housing Supply
- Single-family: 33
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,973 (avg $67,795)
- Outflow: 4,690 (avg $68,044)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Koochiching County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56649 | 247.5 | +7.56% | 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 Koochiching County Compares
| Metric | Koochiching County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $156,600 | $238,335 | $227,706 |
| Median Gross Rent | $671 | $938 | $968 |
| Owner Occupancy Rate | 80.4% | 77.9% | 73.3% |
| Price/Rent Ratio | 19.4 | 21.1 | 18.7 |
Market Analysis
The median home value in Koochiching County is 34.3% below the Minnesota state average and 31.2% below the U.S. national average. The median rent of $671/month is 28.5% below the state average.
With a price-to-rent ratio of 19.4, the buy-vs-rent decision in Koochiching County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Koochiching County has an owner-occupancy rate of 80.4%, 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 |
|---|---|---|---|
| Calhoun County | Alabama | $156,600 | $826 |
| Kidder County | North Dakota | $156,600 | $853 |
| Clay County | Alabama | $156,700 | $619 |
| Fulton County | Indiana | $156,500 | $839 |
| Breckinridge County | Kentucky | $156,700 | $733 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Chippewa County | $156,100 | $869 | 72.3% |
| Jackson County | $157,100 | $787 | 80.1% |
| Lac qui Parle County | $157,600 | $728 | 82.5% |
| Redwood County | $158,200 | $757 | 78.4% |
| Yellow Medicine County | $154,700 | $678 | 84.0% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).