Polk County, Minnesota Housing Market
In Polk County, Minnesota, the median home value is $222,800, with a median monthly rent of $855. This places Polk County at #1156 nationally out of 3134 counties by median home value, and #48 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: $1,085
- Establishments: 946
- BLS QCEW, 2025
Housing Supply
- Single-family: 42
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,239 (avg $75,608)
- Outflow: 11,765 (avg $76,427)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Polk County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56716 | 263.2 | +2.18% | 2025 |
| 2 | 56721 | 253.4 | +3.66% | 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 Polk County Compares
| Metric | Polk County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $222,800 | $238,335 | $227,706 |
| Median Gross Rent | $855 | $938 | $968 |
| Owner Occupancy Rate | 71.3% | 77.9% | 73.3% |
| Price/Rent Ratio | 21.7 | 21.1 | 18.7 |
Market Analysis
The median home value in Polk County is 6.5% below the Minnesota state average and 2.2% below the U.S. national average. The median rent of $855/month is 8.8% below the state average.
With a price-to-rent ratio of 21.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Polk County has an owner-occupancy rate of 71.3%, 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 |
|---|---|---|---|
| Fond du Lac County | Wisconsin | $222,800 | $960 |
| Gordon County | Georgia | $222,900 | $937 |
| Clark County | Indiana | $222,900 | $1,129 |
| Posey County | Indiana | $222,900 | $782 |
| Ontario County | New York | $222,900 | $1,150 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. Louis County | $221,400 | $1,013 | 71.2% |
| Rock County | $224,300 | $698 | 76.6% |
| Fillmore County | $221,100 | $797 | 82.6% |
| Waseca County | $220,800 | $883 | 80.7% |
| Itasca County | $225,200 | $988 | 83.0% |
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).