Rice County, Minnesota Housing Market
In Rice County, Minnesota, the median home value is $320,200, with a median monthly rent of $1,083. This places Rice County at #532 nationally out of 3134 counties by median home value, and #14 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: $1,162
- Establishments: 1,675
- BLS QCEW, 2025
Housing Supply
- Single-family: 100
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 26,447 (avg $89,570)
- Outflow: 25,328 (avg $89,823)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Rice County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55052 | 217.8 | +18.01% | 2025 |
| 2 | 56093 | 213.8 | -3.40% | 2025 |
| 3 | 55049 | 223.0 | -4.55% | 2025 |
| 4 | 55019 | 221.7 | +1.75% | 2025 |
| 5 | 55046 | 201.9 | +4.17% | 2025 |
| 6 | 55021 | 210.1 | +3.84% | 2025 |
| 7 | 55088 | 237.7 | +4.70% | 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 Rice County Compares
| Metric | Rice County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $320,200 | $238,335 | $227,706 |
| Median Gross Rent | $1,083 | $938 | $968 |
| Owner Occupancy Rate | 76.3% | 77.9% | 73.3% |
| Price/Rent Ratio | 24.6 | 21.1 | 18.7 |
Market Analysis
The median home value in Rice County is 34.3% above the Minnesota state average and 40.6% above the U.S. national average. The median rent of $1,083/month is 15.5% above the state average.
With a price-to-rent ratio of 24.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Rice County has an owner-occupancy rate of 76.3%, 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 |
|---|---|---|---|
| Blount County | Tennessee | $320,500 | $1,090 |
| Pima County | Arizona | $319,700 | $1,212 |
| Will County | Illinois | $319,600 | $1,462 |
| St. Charles County | Missouri | $320,800 | $1,370 |
| Knox County | Tennessee | $320,900 | $1,261 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Douglas County | $321,400 | $927 | 76.5% |
| Le Sueur County | $316,500 | $942 | 81.0% |
| Ramsey County | $326,600 | $1,329 | 60.6% |
| Olmsted County | $331,700 | $1,370 | 70.6% |
| Crow Wing County | $306,800 | $971 | 77.0% |
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).