Wright County, Minnesota Housing Market
In Wright County, Minnesota, the median home value is $358,900, with a median monthly rent of $1,288. This places Wright County at #388 nationally out of 3134 counties by median home value, and #7 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: $1,100
- Establishments: 3,877
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,072
- Multi-family: 84
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 59,933 (avg $99,742)
- Outflow: 57,296 (avg $100,130)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Wright County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55321 | 209.6 | -4.01% | 2025 |
| 2 | 55358 | 249.4 | +0.51% | 2025 |
| 3 | 55302 | 240.5 | -0.18% | 2025 |
| 4 | 55390 | 230.6 | +3.71% | 2025 |
| 5 | 55349 | 200.8 | +2.04% | 2025 |
| 6 | 55376 | 209.3 | +0.71% | 2025 |
| 7 | 55362 | 224.4 | +2.13% | 2025 |
| 8 | 55301 | 204.3 | +3.41% | 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 Wright County Compares
| Metric | Wright County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $358,900 | $238,335 | $227,706 |
| Median Gross Rent | $1,288 | $938 | $968 |
| Owner Occupancy Rate | 84.1% | 77.9% | 73.3% |
| Price/Rent Ratio | 23.2 | 21.1 | 18.7 |
Market Analysis
The median home value in Wright County is 50.6% above the Minnesota state average and 57.6% above the U.S. national average. The median rent of $1,288/month is 37.3% above the state average.
With a price-to-rent ratio of 23.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Wright County has an owner-occupancy rate of 84.1%, 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 |
|---|---|---|---|
| Watauga County | North Carolina | $358,900 | $1,127 |
| Sanders County | Montana | $359,000 | $820 |
| Henrico County | Virginia | $359,200 | $1,541 |
| Whitman County | Washington | $359,600 | $1,049 |
| Owyhee County | Idaho | $359,800 | $821 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Sherburne County | $361,400 | $1,127 | 83.2% |
| Chisago County | $351,900 | $1,186 | 85.9% |
| Anoka County | $346,500 | $1,464 | 80.2% |
| Dakota County | $381,000 | $1,548 | 74.9% |
| Cook County | $336,200 | $886 | 77.7% |
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).