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Olmsted County Housing Market

Minnesota · 87 counties · Ranked #2666 in home value

Above National Avg

Housing at a Glance

Median Home Value

$304,500

vs national+$304,500 vs $281,900 national

Median Gross Rent

$1,283/mo

vs national+$1,283 vs $1,163 national

Effective Tax Rate

1.09%

vs national+1.09% vs 1.02% national

Median Household Income

$93,494

vs national+$93,494 vs $74,755 national

Affordability Ratio

3.3x

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

Rent Burden

29.0%

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

More Housing Data

Property Tax (Median)

$3,314

Tax as % of Home Value

1.09%

Monthly Owner Cost

$1,378

Renter Income

$53,060

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Frequently Asked Questions

What is the median home value in Olmsted County?

The median home value in Olmsted County is $304,500. This is above the national median of $281,900.

How much is rent in Olmsted County?

The median gross rent in Olmsted County is $1,283 per month.

What is the property tax rate in Olmsted County?

The effective property tax rate in Olmsted County is 1.09%. The median annual property tax bill is $3,314.

Is Olmsted County affordable?

With a home-value-to-income ratio of 3.3x, Olmsted 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.