Swift County, Minnesota Housing Market
In Swift County, Minnesota, the median home value is $161,400, with a median monthly rent of $920. This places Swift County at #1992 nationally out of 3134 counties by median home value, and #76 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: $1,076
- Establishments: 337
- BLS QCEW, 2025
Housing Supply
- Single-family: 10
- Multi-family: 24
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,892 (avg $70,881)
- Outflow: 3,714 (avg $71,163)
- IRS Statistics of Income
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| Metric | Swift County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $161,400 | $238,335 | $227,706 |
| Median Gross Rent | $920 | $938 | $968 |
| Owner Occupancy Rate | 72.4% | 77.9% | 73.3% |
| Price/Rent Ratio | 14.6 | 21.1 | 18.7 |
Market Analysis
The median home value in Swift County is 32.3% below the Minnesota state average and 29.1% below the U.S. national average. The median rent of $920/month is 1.9% below the state average.
With a price-to-rent ratio of 14.6, buying a home in Swift County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Swift County has an owner-occupancy rate of 72.4%, 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 |
|---|---|---|---|
| Pittsylvania County | Virginia | $161,400 | $861 |
| Chilton County | Alabama | $161,300 | $871 |
| Kiowa County | Colorado | $161,500 | $800 |
| Madison County | Indiana | $161,300 | $939 |
| Jennings County | Indiana | $161,500 | $988 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mahnomen County | $161,900 | $696 | 73.3% |
| Red Lake County | $162,000 | $583 | 83.4% |
| Watonwan County | $162,400 | $834 | 77.8% |
| Renville County | $163,200 | $790 | 80.2% |
| Martin County | $163,500 | $761 | 68.9% |
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).