Meeker County, Minnesota Housing Market

In Meeker County, Minnesota, the median home value is $249,000, with a median monthly rent of $904. This places Meeker County at #895 nationally out of 3134 counties by median home value, and #33 within Minnesota.

Median Home Value $249,000
Median Rent $904/mo
Owner Occupancy 79.3%
Price/Rent Ratio 23.0

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Meeker County rose +5.3% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

6,516
jobs (private sector)
  • Avg weekly wage: $1,030
  • Establishments: 658
  • BLS QCEW, 2025
🏗️

Housing Supply

48
new units authorized (2025)
  • Single-family: 48
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+313
net migration (filers, 2021-2022)
  • Inflow: 9,877 (avg $85,201)
  • Outflow: 9,564 (avg $86,131)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 8 active ZIP codes in Meeker County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 55329 237.7 +14.07% 2025
2 56243 298.3 — 2025
3 55324 299.5 +20.18% 2025
4 55389 264.4 +7.79% 2025
5 55353 277.3 +10.95% 2025
6 55355 240.1 +3.71% 2025
7 55382 226.4 +1.40% 2025
8 55325 228.0 +3.53% 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.

How Meeker County Compares

MetricMeeker CountyMinnesota AverageU.S. Average
Median Home Value $249,000 $238,335 $227,706
Median Gross Rent $904 $938 $968
Owner Occupancy Rate 79.3% 77.9% 73.3%
Price/Rent Ratio 23.0 21.1 18.7

Market Analysis

The median home value in Meeker County is 4.5% above the Minnesota state average and 9.4% above the U.S. national average. The median rent of $904/month is 3.6% below the state average.

With a price-to-rent ratio of 23.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Meeker County has an owner-occupancy rate of 79.3%, 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

CountyStateMedian Home ValueMedian Rent
Stone County Missouri $249,000 $896
Sullivan County New York $249,000 $1,106
Washington County Tennessee $249,000 $1,005
Malheur County Oregon $248,900 $821
Shelby County Tennessee $249,100 $1,232

Other Counties in Minnesota

CountyMedian Home ValueMedian RentOwner Occ.
Morrison County $248,500 $788 80.6%
McLeod County $246,100 $941 77.4%
Steele County $245,400 $1,061 79.4%
Carlton County $245,100 $1,009 80.0%
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).