McLeod County, Minnesota Housing Market
In McLeod County, Minnesota, the median home value is $246,100, with a median monthly rent of $941. This places McLeod County at #921 nationally out of 3134 counties by median home value, and #35 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: $1,156
- Establishments: 994
- BLS QCEW, 2025
Housing Supply
- Single-family: 63
- Multi-family: 143
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,295 (avg $77,184)
- Outflow: 15,682 (avg $77,895)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in McLeod County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55334 | 213.8 | +2.85% | 2025 |
| 2 | 55381 | 260.8 | +3.04% | 2025 |
| 3 | 55350 | 224.6 | +0.76% | 2025 |
| 4 | 55336 | 216.3 | +2.23% | 2025 |
| 5 | 55354 | 208.4 | -3.31% | 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 McLeod County Compares
| Metric | McLeod County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $246,100 | $238,335 | $227,706 |
| Median Gross Rent | $941 | $938 | $968 |
| Owner Occupancy Rate | 77.4% | 77.9% | 73.3% |
| Price/Rent Ratio | 21.8 | 21.1 | 18.7 |
Market Analysis
The median home value in McLeod County is 3.3% above the Minnesota state average and 8.1% above the U.S. national average. The median rent of $941/month is about equal to the state average.
With a price-to-rent ratio of 21.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
McLeod County has an owner-occupancy rate of 77.4%, 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 |
|---|---|---|---|
| Harnett County | North Carolina | $246,200 | $1,112 |
| Canadian County | Oklahoma | $246,200 | $1,289 |
| Pottawatomie County | Kansas | $245,900 | $924 |
| Bristol Bay Borough | Alaska | $245,800 | $1,317 |
| Buffalo County | Nebraska | $246,400 | $936 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Steele County | $245,400 | $1,061 | 79.4% |
| Carlton County | $245,100 | $1,009 | 80.0% |
| Morrison County | $248,500 | $788 | 80.6% |
| Meeker County | $249,000 | $904 | 79.3% |
| Kandiyohi County | $243,200 | $909 | 72.5% |
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).