Sherburne County, Minnesota Housing Market
In Sherburne County, Minnesota, the median home value is $361,400, with a median monthly rent of $1,127. This places Sherburne County at #379 nationally out of 3134 counties by median home value, and #6 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: $1,124
- Establishments: 2,436
- BLS QCEW, 2025
Housing Supply
- Single-family: 299
- Multi-family: 20
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 40,987 (avg $89,183)
- Outflow: 39,245 (avg $90,365)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Sherburne County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55319 | 242.4 | -0.74% | 2025 |
| 2 | 55308 | 223.3 | +4.88% | 2025 |
| 3 | 55309 | 233.8 | +4.17% | 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 Sherburne County Compares
| Metric | Sherburne County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $361,400 | $238,335 | $227,706 |
| Median Gross Rent | $1,127 | $938 | $968 |
| Owner Occupancy Rate | 83.2% | 77.9% | 73.3% |
| Price/Rent Ratio | 26.7 | 21.1 | 18.7 |
Market Analysis
The median home value in Sherburne County is 51.6% above the Minnesota state average and 58.7% above the U.S. national average. The median rent of $1,127/month is 20.1% above the state average.
With a price-to-rent ratio of 26.7, Sherburne County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Sherburne County has an owner-occupancy rate of 83.2%, 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 |
|---|---|---|---|
| York County | South Carolina | $361,300 | $1,387 |
| Addison County | Vermont | $361,200 | $1,177 |
| Mathews County | Virginia | $360,900 | $1,032 |
| Lee County | Florida | $362,200 | $1,712 |
| Plumas County | California | $360,200 | $1,194 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wright County | $358,900 | $1,288 | 84.1% |
| Chisago County | $351,900 | $1,186 | 85.9% |
| Anoka County | $346,500 | $1,464 | 80.2% |
| Dakota County | $381,000 | $1,548 | 74.9% |
| Cook County | $336,200 | $886 | 77.7% |
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).