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Dakota County Housing Market

Minnesota · 87 counties · Ranked #2832 in home value

Above National Avg

Housing at a Glance

Median Home Value

$362,100

vs national+$362,100 vs $281,900 national

Median Gross Rent

$1,497/mo

vs national+$1,497 vs $1,163 national

Effective Tax Rate

1.00%

vs national1.00% vs 1.02% national

Median Household Income

$105,212

vs national+$105,212 vs $74,755 national

Affordability Ratio

3.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,610

Tax as % of Home Value

1.00%

Monthly Owner Cost

$1,696

Renter Income

$57,984

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Frequently Asked Questions

What is the median home value in Dakota County?

The median home value in Dakota County is $362,100. This is above the national median of $281,900.

How much is rent in Dakota County?

The median gross rent in Dakota County is $1,497 per month.

What is the property tax rate in Dakota County?

The effective property tax rate in Dakota County is 1.00%. The median annual property tax bill is $3,610.

Is Dakota County affordable?

With a home-value-to-income ratio of 3.4x, Dakota County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.