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Rice County Housing Market

Minnesota · 87 counties · Ranked #2647 in home value

Above National Avg

Housing at a Glance

Median Home Value

$298,500

vs national+$298,500 vs $281,900 national

Median Gross Rent

$1,046/mo

vs national$1,046 vs $1,163 national

Effective Tax Rate

0.97%

vs national0.97% vs 1.02% national

Median Household Income

$82,792

vs national+$82,792 vs $74,755 national

Affordability Ratio

3.6x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$2,899

Tax as % of Home Value

0.97%

Monthly Owner Cost

$1,399

Renter Income

$39,458

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Similar Counties by Home Value

Capitol Planning Region

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Frequently Asked Questions

What is the median home value in Rice County?

The median home value in Rice County is $298,500. This is above the national median of $281,900.

How much is rent in Rice County?

The median gross rent in Rice County is $1,046 per month.

What is the property tax rate in Rice County?

The effective property tax rate in Rice County is 0.97%. The median annual property tax bill is $2,899.

Is Rice County affordable?

With a home-value-to-income ratio of 3.6x, Rice 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.