Wilkin County, Minnesota Housing Market
In Wilkin County, Minnesota, the median home value is $182,200, with a median monthly rent of $564. This places Wilkin County at #1608 nationally out of 3134 counties by median home value, and #64 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: $1,153
- Establishments: 184
- BLS QCEW, 2025
Housing Supply
- Single-family: 9
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,706 (avg $78,530)
- Outflow: 2,657 (avg $79,656)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Wilkin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56520 | 254.2 | +4.51% | 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 Wilkin County Compares
| Metric | Wilkin County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $182,200 | $238,335 | $227,706 |
| Median Gross Rent | $564 | $938 | $968 |
| Owner Occupancy Rate | 79.7% | 77.9% | 73.3% |
| Price/Rent Ratio | 26.9 | 21.1 | 18.7 |
Market Analysis
The median home value in Wilkin County is 23.6% below the Minnesota state average and 20.0% below the U.S. national average. The median rent of $564/month is 39.9% below the state average.
With a price-to-rent ratio of 26.9, Wilkin County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Wilkin County has an owner-occupancy rate of 79.7%, 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 |
|---|---|---|---|
| Manistee County | Michigan | $182,200 | $842 |
| Muskingum County | Ohio | $182,200 | $833 |
| Muscatine County | Iowa | $182,100 | $971 |
| Pearl River County | Mississippi | $182,300 | $906 |
| Loup County | Nebraska | $182,300 | $688 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Roseau County | $183,700 | $880 | 79.2% |
| Mower County | $185,200 | $927 | 77.6% |
| Murray County | $185,400 | $810 | 82.2% |
| Grant County | $191,000 | $797 | 79.2% |
| Brown County | $191,200 | $890 | 78.9% |
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).