Watonwan County, Minnesota Housing Market
In Watonwan County, Minnesota, the median home value is $162,400, with a median monthly rent of $834. This places Watonwan County at #1966 nationally out of 3134 counties by median home value, and #73 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: $959
- Establishments: 292
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,286 (avg $66,395)
- Outflow: 4,154 (avg $67,026)
- IRS Statistics of Income
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| Metric | Watonwan County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $162,400 | $238,335 | $227,706 |
| Median Gross Rent | $834 | $938 | $968 |
| Owner Occupancy Rate | 77.8% | 77.9% | 73.3% |
| Price/Rent Ratio | 16.2 | 21.1 | 18.7 |
Market Analysis
The median home value in Watonwan County is 31.9% below the Minnesota state average and 28.7% below the U.S. national average. The median rent of $834/month is 11.1% below the state average.
With a price-to-rent ratio of 16.2, the buy-vs-rent decision in Watonwan County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Watonwan County has an owner-occupancy rate of 77.8%, 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 |
|---|---|---|---|
| Dickey County | North Dakota | $162,400 | $840 |
| Northumberland County | Pennsylvania | $162,400 | $806 |
| Lanier County | Georgia | $162,300 | $913 |
| Branch County | Michigan | $162,500 | $959 |
| Gladwin County | Michigan | $162,300 | $690 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Red Lake County | $162,000 | $583 | 83.4% |
| Mahnomen County | $161,900 | $696 | 73.3% |
| Renville County | $163,200 | $790 | 80.2% |
| Swift County | $161,400 | $920 | 72.4% |
| 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).