Washington County, Minnesota Housing Market
In Washington County, Minnesota, the median home value is $422,000, with a median monthly rent of $1,710. This places Washington County at #246 nationally out of 3134 counties by median home value, and #2 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: $1,203
- Establishments: 6,860
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,225
- Multi-family: 1,157
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 118,504 (avg $127,120)
- Outflow: 114,140 (avg $128,313)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Washington County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55047 | 231.9 | +6.95% | 2025 |
| 2 | 55071 | 226.2 | +6.76% | 2025 |
| 3 | 55001 | 226.6 | -0.71% | 2025 |
| 4 | 55115 | 232.9 | +3.85% | 2025 |
| 5 | 55042 | 211.2 | -1.86% | 2025 |
| 6 | 55082 | 220.1 | +1.59% | 2025 |
| 7 | 55043 | 214.7 | +2.22% | 2025 |
| 8 | 55055 | 218.9 | +1.79% | 2025 |
| 9 | 55003 | 223.4 | +4.42% | 2025 |
| 10 | 55128 | 224.0 | +2.93% | 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 Washington County Compares
| Metric | Washington County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $422,000 | $238,335 | $227,706 |
| Median Gross Rent | $1,710 | $938 | $968 |
| Owner Occupancy Rate | 81.3% | 77.9% | 73.3% |
| Price/Rent Ratio | 20.6 | 21.1 | 18.7 |
Market Analysis
The median home value in Washington County is 77.1% above the Minnesota state average and 85.3% above the U.S. national average. The median rent of $1,710/month is 82.3% above the state average.
With a price-to-rent ratio of 20.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Washington County has an owner-occupancy rate of 81.3%, 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 |
|---|---|---|---|
| Lake County | Montana | $421,800 | $901 |
| Clallam County | Washington | $421,800 | $1,152 |
| Columbia County | Oregon | $421,600 | $1,373 |
| Hillsborough County | New Hampshire | $421,100 | $1,623 |
| Carbon County | Montana | $420,800 | $844 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Scott County | $419,400 | $1,568 | 83.8% |
| 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).