Lac qui Parle County, Minnesota Housing Market
In Lac qui Parle County, Minnesota, the median home value is $157,600, with a median monthly rent of $728. This places Lac qui Parle County at #2075 nationally out of 3134 counties by median home value, and #78 within Minnesota.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $886
- Establishments: 212
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,831 (avg $78,753)
- Outflow: 2,714 (avg $80,201)
- IRS Statistics of Income
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| Metric | Lac qui Parle County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $157,600 | $238,335 | $227,706 |
| Median Gross Rent | $728 | $938 | $968 |
| Owner Occupancy Rate | 82.5% | 77.9% | 73.3% |
| Price/Rent Ratio | 18.0 | 21.1 | 18.7 |
Market Analysis
The median home value in Lac qui Parle County is 33.9% below the Minnesota state average and 30.8% below the U.S. national average. The median rent of $728/month is 22.4% below the state average.
With a price-to-rent ratio of 18.0, the buy-vs-rent decision in Lac qui Parle County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lac qui Parle County has an owner-occupancy rate of 82.5%, 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 |
|---|---|---|---|
| Pike County | Alabama | $157,600 | $856 |
| Pulaski County | Georgia | $157,600 | $883 |
| Atoka County | Oklahoma | $157,600 | $708 |
| Cook County | Georgia | $157,500 | $956 |
| Starke County | Indiana | $157,700 | $712 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jackson County | $157,100 | $787 | 80.1% |
| Redwood County | $158,200 | $757 | 78.4% |
| Koochiching County | $156,600 | $671 | 80.4% |
| Chippewa County | $156,100 | $869 | 72.3% |
| 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).