Ranked from ACS 2023 5-Year
Counties Where Owning Costs Less Than Renting in Minnesota
Counties where the full monthly cost of owning the median home comes in below median rent, even after tax, insurance, utilities and maintenance. These are the places where buying is cheapest relative to the local rental market.
Where does yours land?
Every county in America is somewhere on this scale, including the one you live in.
Minnesota ranked
| # | County | Monthly saved by owning | Median rent | Monthly to own |
|---|---|---|---|---|
| 1 | Faribault County | $-255 | $837 | $1,092 |
| 2 | Swift County | $-369 | $900 | $1,269 |
| 3 | Traverse County | $-392 | $617 | $1,009 |
| 4 | Pipestone County | $-394 | $731 | $1,125 |
| 5 | Lac qui Parle County | $-444 | $809 | $1,253 |
| 6 | Norman County | $-448 | $752 | $1,200 |
| 7 | Kittson County | $-455 | $728 | $1,183 |
| 8 | Chippewa County | $-460 | $846 | $1,306 |
| 9 | Koochiching County | $-463 | $774 | $1,237 |
| 10 | Big Stone County | $-468 | $718 | $1,186 |
| 11 | Watonwan County | $-516 | $807 | $1,323 |
| 12 | Jackson County | $-528 | $736 | $1,264 |
| 13 | Redwood County | $-539 | $767 | $1,306 |
| 14 | Renville County | $-564 | $760 | $1,324 |
| 15 | Marshall County | $-574 | $737 | $1,311 |
| 16 | Cottonwood County | $-589 | $765 | $1,354 |
| 17 | Freeborn County | $-590 | $837 | $1,427 |
| 18 | Mahnomen County | $-594 | $685 | $1,279 |
| 19 | Yellow Medicine County | $-612 | $688 | $1,300 |
| 20 | Roseau County | $-613 | $886 | $1,499 |
| 21 | Brown County | $-619 | $931 | $1,550 |
| 22 | Mower County | $-632 | $848 | $1,480 |
| 23 | Lincoln County | $-633 | $688 | $1,321 |
| 24 | Martin County | $-635 | $735 | $1,370 |
| 25 | Nobles County | $-653 | $863 | $1,516 |
| 26 | Stevens County | $-675 | $833 | $1,508 |
| 27 | Murray County | $-724 | $768 | $1,492 |
| 28 | Red Lake County | $-728 | $628 | $1,356 |
| 29 | Clearwater County | $-730 | $740 | $1,470 |
| 30 | Pennington County | $-732 | $900 | $1,632 |
| 31 | Grant County | $-733 | $779 | $1,512 |
| 32 | Todd County | $-743 | $850 | $1,593 |
| 33 | Wadena County | $-760 | $706 | $1,466 |
| 34 | St. Louis County | $-778 | $970 | $1,748 |
| 35 | Lake County | $-778 | $1,026 | $1,804 |
| 36 | Itasca County | $-803 | $944 | $1,747 |
| 37 | Beltrami County | $-854 | $991 | $1,845 |
| 38 | Kanabec County | $-855 | $1,003 | $1,858 |
| 39 | Lake of the Woods County | $-872 | $867 | $1,739 |
| 40 | Wilkin County | $-879 | $561 | $1,440 |
| 41 | Lyon County | $-894 | $742 | $1,636 |
| 42 | Rock County | $-900 | $745 | $1,645 |
| 43 | Polk County | $-920 | $843 | $1,763 |
| 44 | Fillmore County | $-938 | $763 | $1,701 |
| 45 | Aitkin County | $-946 | $912 | $1,858 |
| 46 | Sibley County | $-952 | $858 | $1,810 |
| 47 | Steele County | $-969 | $1,006 | $1,975 |
| 48 | Winona County | $-974 | $866 | $1,840 |
| 49 | Pine County | $-974 | $873 | $1,847 |
| 50 | Carlton County | $-984 | $967 | $1,951 |
| 51 | Meeker County | $-990 | $894 | $1,884 |
| 52 | Waseca County | $-993 | $819 | $1,812 |
| 53 | Blue Earth County | $-994 | $1,076 | $2,070 |
| 54 | Houston County | $-1,026 | $881 | $1,907 |
| 55 | Stearns County | $-1,048 | $1,057 | $2,105 |
| 56 | McLeod County | $-1,054 | $906 | $1,960 |
| 57 | Mille Lacs County | $-1,058 | $909 | $1,967 |
| 58 | Kandiyohi County | $-1,063 | $843 | $1,906 |
| 59 | Isanti County | $-1,068 | $1,241 | $2,309 |
| 60 | Pope County | $-1,105 | $851 | $1,956 |
| 61 | Benton County | $-1,119 | $917 | $2,036 |
| 62 | Clay County | $-1,121 | $1,000 | $2,121 |
| 63 | Hubbard County | $-1,134 | $923 | $2,057 |
| 64 | Morrison County | $-1,155 | $782 | $1,937 |
| 65 | Cass County | $-1,162 | $889 | $2,051 |
| 66 | Dodge County | $-1,194 | $1,007 | $2,201 |
| 67 | Olmsted County | $-1,197 | $1,283 | $2,480 |
| 68 | Anoka County | $-1,207 | $1,396 | $2,603 |
| 69 | Nicollet County | $-1,210 | $931 | $2,141 |
| 70 | Becker County | $-1,219 | $899 | $2,118 |
| 71 | Otter Tail County | $-1,219 | $805 | $2,024 |
| 72 | Ramsey County | $-1,222 | $1,298 | $2,520 |
| 73 | Crow Wing County | $-1,223 | $962 | $2,185 |
| 74 | Wabasha County | $-1,241 | $798 | $2,039 |
| 75 | Goodhue County | $-1,272 | $939 | $2,211 |
| 76 | Rice County | $-1,360 | $1,046 | $2,406 |
| 77 | Dakota County | $-1,388 | $1,497 | $2,885 |
| 78 | Wright County | $-1,421 | $1,246 | $2,667 |
| 79 | Douglas County | $-1,433 | $896 | $2,329 |
| 80 | Cook County | $-1,442 | $886 | $2,328 |
| 81 | Le Sueur County | $-1,468 | $885 | $2,353 |
| 82 | Sherburne County | $-1,515 | $1,151 | $2,666 |
| 83 | Washington County | $-1,538 | $1,637 | $3,175 |
| 84 | Chisago County | $-1,543 | $1,112 | $2,655 |
| 85 | Hennepin County | $-1,602 | $1,439 | $3,041 |
| 86 | Scott County | $-1,656 | $1,485 | $3,141 |
| 87 | Carver County | $-1,933 | $1,444 | $3,377 |
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
Counties Where Owning Costs Less Than Renting across all 3,133 US counties · Every county in Minnesota