Traverse County, Minnesota Housing Market
In Traverse County, Minnesota, the median home value is $114,100, with a median monthly rent of $615. This places Traverse County at #2734 nationally out of 3134 counties by median home value, and #87 within Minnesota.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $957
- Establishments: 135
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,371 (avg $79,597)
- Outflow: 1,277 (avg $81,999)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Traverse County Compares
| Metric | Traverse County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $114,100 | $238,335 | $227,706 |
| Median Gross Rent | $615 | $938 | $968 |
| Owner Occupancy Rate | 81.8% | 77.9% | 73.3% |
| Price/Rent Ratio | 15.5 | 21.1 | 18.7 |
Market Analysis
The median home value in Traverse County is 52.1% below the Minnesota state average and 49.9% below the U.S. national average. The median rent of $615/month is 34.4% below the state average.
With a price-to-rent ratio of 15.5, the buy-vs-rent decision in Traverse County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Traverse County has an owner-occupancy rate of 81.8%, 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 |
|---|---|---|---|
| Emmet County | Iowa | $114,100 | $733 |
| Copiah County | Mississippi | $114,100 | $766 |
| Crenshaw County | Alabama | $114,000 | $661 |
| Lamar County | Alabama | $114,000 | $549 |
| Decatur County | Iowa | $113,900 | $611 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kittson County | $134,800 | $757 | 82.9% |
| Faribault County | $135,300 | $799 | 79.2% |
| Pipestone County | $140,200 | $754 | 80.8% |
| Norman County | $147,100 | $774 | 79.4% |
| Yellow Medicine County | $154,700 | $678 | 84.0% |
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).