Ranked from ACS 2023 5-Year
Highest Price-to-Rent Ratios in Minnesota
The counties where a home costs the most years of rent. A high ratio does not mean a place is overpriced. It can also mean rents are held down, or that buyers are paying for land, schools or a view that a renter cannot get at any price. It does mean the arithmetic of buying rests more on what the house is worth later and less on what it saves you each month. Median home value over twelve months of median gross rent, both Census five-year estimates.
Minnesota ranked
| # | County | Price-to-rent | Median home | Median rent |
|---|---|---|---|---|
| 1 | Cook County | 27.7 yrs | $294,000 | $886 |
| 2 | Douglas County | 27.1 yrs | $291,700 | $896 |
| 3 | Le Sueur County | 27.1 yrs | $287,700 | $885 |
| 4 | Otter Tail County | 26.1 yrs | $252,500 | $805 |
| 5 | Wabasha County | 25.7 yrs | $245,800 | $798 |
| 6 | Wilkin County | 25.6 yrs | $172,300 | $561 |
| 7 | Morrison County | 25.3 yrs | $237,000 | $782 |
| 8 | Becker County | 24.7 yrs | $266,900 | $899 |
| 9 | Carver County | 24.6 yrs | $426,900 | $1,444 |
| 10 | Cass County | 24.6 yrs | $262,300 | $889 |
| 11 | Chisago County | 24.5 yrs | $326,600 | $1,112 |
| 12 | Sherburne County | 24.1 yrs | $332,700 | $1,151 |
| 13 | Goodhue County | 23.9 yrs | $269,400 | $939 |
| 14 | Rice County | 23.8 yrs | $298,500 | $1,046 |
| 15 | Pope County | 23.8 yrs | $242,800 | $851 |
| 16 | Crow Wing County | 23.8 yrs | $274,400 | $962 |
| 17 | Nicollet County | 23.1 yrs | $258,500 | $931 |
| 18 | Hubbard County | 23.1 yrs | $255,900 | $923 |
| 19 | Kandiyohi County | 22.8 yrs | $230,500 | $843 |
| 20 | Rock County | 22.6 yrs | $201,600 | $745 |
| 21 | Benton County | 22.5 yrs | $247,100 | $917 |
| 22 | Fillmore County | 22.3 yrs | $204,000 | $763 |
| 23 | Wright County | 22.3 yrs | $332,800 | $1,246 |
| 24 | Dodge County | 22.1 yrs | $267,500 | $1,007 |
| 25 | Scott County | 22.1 yrs | $393,500 | $1,485 |
| 26 | Hennepin County | 21.8 yrs | $376,500 | $1,439 |
| 27 | Mille Lacs County | 21.8 yrs | $237,500 | $909 |
| 28 | Waseca County | 21.7 yrs | $213,200 | $819 |
| 29 | Lyon County | 21.7 yrs | $193,100 | $742 |
| 30 | Pine County | 21.5 yrs | $225,600 | $873 |
| 31 | Aitkin County | 21.5 yrs | $235,100 | $912 |
| 32 | McLeod County | 21.5 yrs | $233,400 | $906 |
| 33 | Winona County | 21.4 yrs | $222,900 | $866 |
| 34 | Houston County | 21.4 yrs | $226,300 | $881 |
| 35 | Meeker County | 21.3 yrs | $228,900 | $894 |
| 36 | Clay County | 21.3 yrs | $256,000 | $1,000 |
| 37 | Sibley County | 20.9 yrs | $215,000 | $858 |
| 38 | Polk County | 20.9 yrs | $211,100 | $843 |
| 39 | Red Lake County | 20.9 yrs | $157,200 | $628 |
| 40 | Lake of the Woods County | 20.7 yrs | $215,000 | $867 |
| 41 | Washington County | 20.4 yrs | $400,900 | $1,637 |
| 42 | Stearns County | 20.2 yrs | $256,500 | $1,057 |
| 43 | Dakota County | 20.2 yrs | $362,100 | $1,497 |
| 44 | Wadena County | 20.1 yrs | $170,500 | $706 |
| 45 | Carlton County | 20.0 yrs | $232,000 | $967 |
| 46 | Clearwater County | 19.9 yrs | $177,100 | $740 |
| 47 | Olmsted County | 19.8 yrs | $304,500 | $1,283 |
| 48 | Blue Earth County | 19.6 yrs | $252,800 | $1,076 |
| 49 | Ramsey County | 19.6 yrs | $304,900 | $1,298 |
| 50 | Murray County | 19.5 yrs | $179,400 | $768 |
| 51 | Anoka County | 19.4 yrs | $325,800 | $1,396 |
| 52 | Steele County | 19.4 yrs | $234,200 | $1,006 |
| 53 | Grant County | 19.1 yrs | $178,600 | $779 |
| 54 | Isanti County | 19.0 yrs | $283,200 | $1,241 |
| 55 | Itasca County | 18.7 yrs | $212,000 | $944 |
| 56 | Beltrami County | 18.7 yrs | $222,300 | $991 |
| 57 | Todd County | 18.5 yrs | $188,400 | $850 |
| 58 | Lincoln County | 18.4 yrs | $152,200 | $688 |
| 59 | Kanabec County | 18.4 yrs | $221,100 | $1,003 |
| 60 | Lake County | 18.1 yrs | $222,900 | $1,026 |
| 61 | Stevens County | 18.1 yrs | $180,800 | $833 |
| 62 | Martin County | 18.0 yrs | $158,800 | $735 |
| 63 | Yellow Medicine County | 18.0 yrs | $148,200 | $688 |
| 64 | St. Louis County | 17.9 yrs | $208,500 | $970 |
| 65 | Mahnomen County | 17.8 yrs | $146,500 | $685 |
| 66 | Pennington County | 17.5 yrs | $188,900 | $900 |
| 67 | Marshall County | 17.3 yrs | $153,300 | $737 |
| 68 | Nobles County | 17.3 yrs | $179,200 | $863 |
| 69 | Mower County | 16.9 yrs | $172,000 | $848 |
| 70 | Cottonwood County | 16.8 yrs | $154,000 | $765 |
| 71 | Roseau County | 16.7 yrs | $177,100 | $886 |
| 72 | Renville County | 16.7 yrs | $151,900 | $760 |
| 73 | Jackson County | 16.5 yrs | $145,400 | $736 |
| 74 | Freeborn County | 16.4 yrs | $164,900 | $837 |
| 75 | Redwood County | 16.3 yrs | $150,400 | $767 |
| 76 | Brown County | 16.3 yrs | $181,700 | $931 |
| 77 | Big Stone County | 15.7 yrs | $135,700 | $718 |
| 78 | Watonwan County | 15.7 yrs | $151,600 | $807 |
| 79 | Koochiching County | 15.5 yrs | $143,700 | $774 |
| 80 | Kittson County | 15.4 yrs | $134,400 | $728 |
| 81 | Norman County | 15.0 yrs | $135,700 | $752 |
| 82 | Traverse County | 14.9 yrs | $110,100 | $617 |
| 83 | Lac qui Parle County | 14.8 yrs | $143,400 | $809 |
| 84 | Chippewa County | 14.7 yrs | $149,000 | $846 |
| 85 | Pipestone County | 14.4 yrs | $126,700 | $731 |
| 86 | Swift County | 13.6 yrs | $147,100 | $900 |
| 87 | Faribault County | 12.0 yrs | $120,200 | $837 |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Highest Price-to-Rent Ratios across all 3,133 US counties · Every county in Minnesota