Mahnomen County, Minnesota Housing Market
In Mahnomen County, Minnesota, the median home value is $161,900, with a median monthly rent of $696. This places Mahnomen County at #1978 nationally out of 3134 counties by median home value, and #75 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: $1,001
- Establishments: 100
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,896 (avg $64,114)
- Outflow: 1,845 (avg $64,650)
- IRS Statistics of Income
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| Metric | Mahnomen County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $161,900 | $238,335 | $227,706 |
| Median Gross Rent | $696 | $938 | $968 |
| Owner Occupancy Rate | 73.3% | 77.9% | 73.3% |
| Price/Rent Ratio | 19.4 | 21.1 | 18.7 |
Market Analysis
The median home value in Mahnomen County is 32.1% below the Minnesota state average and 28.9% below the U.S. national average. The median rent of $696/month is 25.8% below the state average.
With a price-to-rent ratio of 19.4, the buy-vs-rent decision in Mahnomen County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Mahnomen County has an owner-occupancy rate of 73.3%, 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 |
|---|---|---|---|
| LaSalle County | Illinois | $161,900 | $928 |
| Davis County | Iowa | $161,900 | $868 |
| Chippewa County | Michigan | $161,900 | $797 |
| Rowan County | Kentucky | $161,800 | $825 |
| Washington County | Maine | $161,800 | $783 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Red Lake County | $162,000 | $583 | 83.4% |
| Watonwan County | $162,400 | $834 | 77.8% |
| Swift County | $161,400 | $920 | 72.4% |
| Renville County | $163,200 | $790 | 80.2% |
| Martin County | $163,500 | $761 | 68.9% |
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).