Waseca County, Minnesota Housing Market
In Waseca County, Minnesota, the median home value is $220,800, with a median monthly rent of $883. This places Waseca County at #1179 nationally out of 3134 counties by median home value, and #51 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: $1,006
- Establishments: 483
- BLS QCEW, 2025
Housing Supply
- Single-family: 24
- Multi-family: 38
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,956 (avg $71,026)
- Outflow: 7,682 (avg $71,445)
- IRS Statistics of Income
How Waseca County Compares
| Metric | Waseca County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $220,800 | $238,335 | $227,706 |
| Median Gross Rent | $883 | $938 | $968 |
| Owner Occupancy Rate | 80.7% | 77.9% | 73.3% |
| Price/Rent Ratio | 20.8 | 21.1 | 18.7 |
Market Analysis
The median home value in Waseca County is 7.4% below the Minnesota state average and 3.0% below the U.S. national average. The median rent of $883/month is 5.9% below the state average.
With a price-to-rent ratio of 20.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Waseca County has an owner-occupancy rate of 80.7%, 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 |
|---|---|---|---|
| Doña Ana County | New Mexico | $220,800 | $934 |
| Cape Girardeau County | Missouri | $220,700 | $881 |
| Radford city | Virginia | $220,700 | $1,033 |
| Fillmore County | Minnesota | $221,100 | $797 |
| Brown County | South Dakota | $221,100 | $777 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fillmore County | $221,100 | $797 | 82.6% |
| St. Louis County | $221,400 | $1,013 | 71.2% |
| Polk County | $222,800 | $855 | 71.3% |
| Rock County | $224,300 | $698 | 76.6% |
| Itasca County | $225,200 | $988 | 83.0% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).