Martin County, Minnesota Housing Market
In Martin County, Minnesota, the median home value is $163,500, with a median monthly rent of $761. This places Martin County at #1938 nationally out of 3134 counties by median home value, and #71 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: $1,053
- Establishments: 650
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,686 (avg $75,948)
- Outflow: 8,273 (avg $77,219)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Martin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56171 | 247.9 | -2.72% | 2025 |
| 2 | 56031 | 219.7 | +0.88% | 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 Martin County Compares
| Metric | Martin County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $163,500 | $238,335 | $227,706 |
| Median Gross Rent | $761 | $938 | $968 |
| Owner Occupancy Rate | 68.9% | 77.9% | 73.3% |
| Price/Rent Ratio | 17.9 | 21.1 | 18.7 |
Market Analysis
The median home value in Martin County is 31.4% below the Minnesota state average and 28.2% below the U.S. national average. The median rent of $761/month is 18.9% below the state average.
With a price-to-rent ratio of 17.9, the buy-vs-rent decision in Martin County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Martin County has an owner-occupancy rate of 68.9%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Texas County | Oklahoma | $163,500 | $873 |
| Angelina County | Texas | $163,500 | $1,076 |
| White County | Arkansas | $163,600 | $850 |
| Perry County | Indiana | $163,400 | $682 |
| Jefferson County | Iowa | $163,400 | $883 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Renville County | $163,200 | $790 | 80.2% |
| Lincoln County | $164,400 | $674 | 81.4% |
| Marshall County | $164,500 | $690 | 83.0% |
| Watonwan County | $162,400 | $834 | 77.8% |
| Red Lake County | $162,000 | $583 | 83.4% |
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).