Scott County, Minnesota Housing Market
In Scott County, Minnesota, the median home value is $419,400, with a median monthly rent of $1,568. This places Scott County at #252 nationally out of 3134 counties by median home value, and #3 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: $1,270
- Establishments: 3,902
- BLS QCEW, 2025
Housing Supply
- Single-family: 570
- Multi-family: 313
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 63,605 (avg $123,572)
- Outflow: 61,344 (avg $124,887)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Scott County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55054 | 188.8 | -8.56% | 2025 |
| 2 | 55352 | 220.2 | +5.39% | 2025 |
| 3 | 55020 | 217.3 | +0.11% | 2025 |
| 4 | 55379 | 209.0 | +3.02% | 2025 |
| 5 | 55372 | 222.4 | +1.73% | 2025 |
| 6 | 55378 | 207.9 | +1.86% | 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 Scott County Compares
| Metric | Scott County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $419,400 | $238,335 | $227,706 |
| Median Gross Rent | $1,568 | $938 | $968 |
| Owner Occupancy Rate | 83.8% | 77.9% | 73.3% |
| Price/Rent Ratio | 22.3 | 21.1 | 18.7 |
Market Analysis
The median home value in Scott County is 76.0% above the Minnesota state average and 84.2% above the U.S. national average. The median rent of $1,568/month is 67.2% above the state average.
With a price-to-rent ratio of 22.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Scott County has an owner-occupancy rate of 83.8%, 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 |
|---|---|---|---|
| Carbon County | Montana | $420,800 | $844 |
| Hillsborough County | New Hampshire | $421,100 | $1,623 |
| Davidson County | Tennessee | $417,400 | $1,582 |
| Union County | North Carolina | $417,300 | $1,496 |
| Columbia County | Oregon | $421,600 | $1,373 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washington County | $422,000 | $1,710 | 81.3% |
| Hennepin County | $392,900 | $1,487 | 62.7% |
| Carver County | $453,600 | $1,514 | 81.5% |
| Dakota County | $381,000 | $1,548 | 74.9% |
| Sherburne County | $361,400 | $1,127 | 83.2% |
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).