Minnesota · Home Values · 2024
Minnesota home prices 2024 — median, average and county breakdown
According to the US Census Bureau's American Community Survey 5-Year Estimates (2020–2024), the median home value in Minnesota is $329,300. Across the 87 counties measured, home values range from $114,100 in Traverse, MN to $453,600 in Carver, MN.
Minnesota median home value, 2024
Most expensive counties in Minnesota
| County | Median home value |
|---|---|
| Carver, MN | $453,600 |
| Washington, MN | $422,000 |
| Scott, MN | $419,400 |
| Hennepin, MN | $392,900 |
| Dakota, MN | $381,000 |
Most affordable counties in Minnesota
| County | Median home value |
|---|---|
| Traverse, MN | $114,100 |
| Kittson, MN | $134,800 |
| Faribault, MN | $135,300 |
| Pipestone, MN | $140,200 |
| Norman, MN | $147,100 |
Average vs median home price — what's the difference?
The figure $329,300 is the median home value reported by the US Census Bureau — the middle value when every owner-occupied home in Minnesota is sorted by price. Median is the standard measure used in housing reporting because it is not skewed by a small number of very expensive properties. The "average" home price searched for online almost always refers to this median value; true arithmetic averages tend to be 10–30% higher than the median in markets with high-end outliers, but the Census does not publish that figure.
For Minnesota specifically, the Census also reports a median monthly rent of $1,280 and a price-to-income ratio of 3.7×. Both are sourced from the same 2020–2024 ACS 5-Year Estimates release.
Explore Minnesota on the map
The figures above are static snapshots. The full county-level breakdown — including rent burden, price-to-income ratio, owner cost burden, and population change — is available on the interactive map.
Open Minnesota on the USInsights map →Compare with other states
See the same home-price breakdown for any other US state, or compare Minnesota side-by-side with the national rankings: