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Steele County Housing Market

Minnesota · 87 counties · Ranked #2246 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$234,200

vs national$234,200 vs $281,900 national

Median Gross Rent

$1,006/mo

vs national$1,006 vs $1,163 national

Effective Tax Rate

1.21%

vs national+1.21% vs 1.02% national

Median Household Income

$83,448

vs national+$83,448 vs $74,755 national

Affordability Ratio

2.8x

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

Rent Burden

33.0%

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

More Housing Data

Property Tax (Median)

$2,824

Tax as % of Home Value

1.21%

Monthly Owner Cost

$1,258

Renter Income

$38,241

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Frequently Asked Questions

What is the median home value in Steele County?

The median home value in Steele County is $234,200. This is below the national median of $281,900.

How much is rent in Steele County?

The median gross rent in Steele County is $1,006 per month.

What is the property tax rate in Steele County?

The effective property tax rate in Steele County is 1.21%. The median annual property tax bill is $2,824.

Is Steele County affordable?

With a home-value-to-income ratio of 2.8x, Steele County is considered 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.