Ranked from ACS 2023 5-Year
Lowest Price-to-Rent Ratios in Minnesota
Price-to-rent is the median home value divided by a year of median gross rent, so a ratio of 12 means the house costs about twelve years of rent. Low ratios are where buying is cheapest against the local alternative. It is the one comparison on this site that assumes nothing about mortgage rates, down payment or how long you stay, which is why it travels well between counties. Both figures are Census five-year estimates for the same period, and rent here includes the utilities a tenant pays.
Minnesota ranked
| # | County | Price-to-rent | Median home | Median rent |
|---|---|---|---|---|
| 1 | Faribault County | 12.0 yrs | $120,200 | $837 |
| 2 | Swift County | 13.6 yrs | $147,100 | $900 |
| 3 | Pipestone County | 14.4 yrs | $126,700 | $731 |
| 4 | Chippewa County | 14.7 yrs | $149,000 | $846 |
| 5 | Lac qui Parle County | 14.8 yrs | $143,400 | $809 |
| 6 | Traverse County | 14.9 yrs | $110,100 | $617 |
| 7 | Norman County | 15.0 yrs | $135,700 | $752 |
| 8 | Kittson County | 15.4 yrs | $134,400 | $728 |
| 9 | Koochiching County | 15.5 yrs | $143,700 | $774 |
| 10 | Watonwan County | 15.7 yrs | $151,600 | $807 |
| 11 | Big Stone County | 15.7 yrs | $135,700 | $718 |
| 12 | Brown County | 16.3 yrs | $181,700 | $931 |
| 13 | Redwood County | 16.3 yrs | $150,400 | $767 |
| 14 | Freeborn County | 16.4 yrs | $164,900 | $837 |
| 15 | Jackson County | 16.5 yrs | $145,400 | $736 |
| 16 | Renville County | 16.7 yrs | $151,900 | $760 |
| 17 | Roseau County | 16.7 yrs | $177,100 | $886 |
| 18 | Cottonwood County | 16.8 yrs | $154,000 | $765 |
| 19 | Mower County | 16.9 yrs | $172,000 | $848 |
| 20 | Nobles County | 17.3 yrs | $179,200 | $863 |
| 21 | Marshall County | 17.3 yrs | $153,300 | $737 |
| 22 | Pennington County | 17.5 yrs | $188,900 | $900 |
| 23 | Mahnomen County | 17.8 yrs | $146,500 | $685 |
| 24 | St. Louis County | 17.9 yrs | $208,500 | $970 |
| 25 | Yellow Medicine County | 18.0 yrs | $148,200 | $688 |
| 26 | Martin County | 18.0 yrs | $158,800 | $735 |
| 27 | Stevens County | 18.1 yrs | $180,800 | $833 |
| 28 | Lake County | 18.1 yrs | $222,900 | $1,026 |
| 29 | Kanabec County | 18.4 yrs | $221,100 | $1,003 |
| 30 | Lincoln County | 18.4 yrs | $152,200 | $688 |
| 31 | Todd County | 18.5 yrs | $188,400 | $850 |
| 32 | Beltrami County | 18.7 yrs | $222,300 | $991 |
| 33 | Itasca County | 18.7 yrs | $212,000 | $944 |
| 34 | Isanti County | 19.0 yrs | $283,200 | $1,241 |
| 35 | Grant County | 19.1 yrs | $178,600 | $779 |
| 36 | Steele County | 19.4 yrs | $234,200 | $1,006 |
| 37 | Anoka County | 19.4 yrs | $325,800 | $1,396 |
| 38 | Murray County | 19.5 yrs | $179,400 | $768 |
| 39 | Ramsey County | 19.6 yrs | $304,900 | $1,298 |
| 40 | Blue Earth County | 19.6 yrs | $252,800 | $1,076 |
| 41 | Olmsted County | 19.8 yrs | $304,500 | $1,283 |
| 42 | Clearwater County | 19.9 yrs | $177,100 | $740 |
| 43 | Carlton County | 20.0 yrs | $232,000 | $967 |
| 44 | Wadena County | 20.1 yrs | $170,500 | $706 |
| 45 | Dakota County | 20.2 yrs | $362,100 | $1,497 |
| 46 | Stearns County | 20.2 yrs | $256,500 | $1,057 |
| 47 | Washington County | 20.4 yrs | $400,900 | $1,637 |
| 48 | Lake of the Woods County | 20.7 yrs | $215,000 | $867 |
| 49 | Red Lake County | 20.9 yrs | $157,200 | $628 |
| 50 | Polk County | 20.9 yrs | $211,100 | $843 |
| 51 | Sibley County | 20.9 yrs | $215,000 | $858 |
| 52 | Clay County | 21.3 yrs | $256,000 | $1,000 |
| 53 | Meeker County | 21.3 yrs | $228,900 | $894 |
| 54 | Houston County | 21.4 yrs | $226,300 | $881 |
| 55 | Winona County | 21.4 yrs | $222,900 | $866 |
| 56 | McLeod County | 21.5 yrs | $233,400 | $906 |
| 57 | Aitkin County | 21.5 yrs | $235,100 | $912 |
| 58 | Pine County | 21.5 yrs | $225,600 | $873 |
| 59 | Lyon County | 21.7 yrs | $193,100 | $742 |
| 60 | Waseca County | 21.7 yrs | $213,200 | $819 |
| 61 | Mille Lacs County | 21.8 yrs | $237,500 | $909 |
| 62 | Hennepin County | 21.8 yrs | $376,500 | $1,439 |
| 63 | Scott County | 22.1 yrs | $393,500 | $1,485 |
| 64 | Dodge County | 22.1 yrs | $267,500 | $1,007 |
| 65 | Wright County | 22.3 yrs | $332,800 | $1,246 |
| 66 | Fillmore County | 22.3 yrs | $204,000 | $763 |
| 67 | Benton County | 22.5 yrs | $247,100 | $917 |
| 68 | Rock County | 22.6 yrs | $201,600 | $745 |
| 69 | Kandiyohi County | 22.8 yrs | $230,500 | $843 |
| 70 | Hubbard County | 23.1 yrs | $255,900 | $923 |
| 71 | Nicollet County | 23.1 yrs | $258,500 | $931 |
| 72 | Crow Wing County | 23.8 yrs | $274,400 | $962 |
| 73 | Pope County | 23.8 yrs | $242,800 | $851 |
| 74 | Rice County | 23.8 yrs | $298,500 | $1,046 |
| 75 | Goodhue County | 23.9 yrs | $269,400 | $939 |
| 76 | Sherburne County | 24.1 yrs | $332,700 | $1,151 |
| 77 | Chisago County | 24.5 yrs | $326,600 | $1,112 |
| 78 | Cass County | 24.6 yrs | $262,300 | $889 |
| 79 | Carver County | 24.6 yrs | $426,900 | $1,444 |
| 80 | Becker County | 24.7 yrs | $266,900 | $899 |
| 81 | Morrison County | 25.3 yrs | $237,000 | $782 |
| 82 | Wilkin County | 25.6 yrs | $172,300 | $561 |
| 83 | Wabasha County | 25.7 yrs | $245,800 | $798 |
| 84 | Otter Tail County | 26.1 yrs | $252,500 | $805 |
| 85 | Le Sueur County | 27.1 yrs | $287,700 | $885 |
| 86 | Douglas County | 27.1 yrs | $291,700 | $896 |
| 87 | Cook County | 27.7 yrs | $294,000 | $886 |
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
Lowest Price-to-Rent Ratios across all 3,133 US counties · Every county in Minnesota