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Polk County Housing Market

Minnesota · 87 counties · Ranked #2017 in home value

Below National Avg

Housing at a Glance

Median Home Value

$211,100

vs national$211,100 vs $281,900 national

Median Gross Rent

$843/mo

vs national$843 vs $1,163 national

Effective Tax Rate

1.00%

vs national1.00% vs 1.02% national

Median Household Income

$69,136

vs national$69,136 vs $74,755 national

Affordability Ratio

3.1x

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

Rent Burden

34.0%

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

More Housing Data

Property Tax (Median)

$2,109

Tax as % of Home Value

1.00%

Monthly Owner Cost

$1,085

Renter Income

$30,910

Frequently Asked Questions

What is the median home value in Polk County?
The median home value in Polk County is $211,100. This is below the national median of $281,900.
How much is rent in Polk County?
The median gross rent in Polk County is $843 per month.
What is the property tax rate in Polk County?
The effective property tax rate in Polk County is 1.00%. The median annual property tax bill is $2,109.
Is Polk County affordable?
With a home-value-to-income ratio of 3.1x, Polk 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.