Benton County, Minnesota Housing Market Prices
Benton County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 7% below the Minnesota median$219,711
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Median rent 23% below the Minnesota median More expensive than 73% of counties in Minnesota$981
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Benton County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,711 | $236,718 | $248,835 |
| Price Trend (Annual %) | 370.8% | 6.6% | 7.5% |
| Median Gross Rent | $981 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Benton County is about 7% lower than in Minnesota. Rent is about 23% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Benton County, up about 370.8% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Benton County rose about 51.6% between 2015 and 2024, from $647 to $981. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Benton County.
Buying the median-priced home in Benton County costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Benton County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Benton County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,711 | $236,718 | $248,835 |
| Median Household Income | $74,348 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Benton County rose about 164.3%, while median household income rose about 38.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Benton County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.4% | 65.5% | 58.5% |
| Rental Rate | 31.6% | 25.2% | 31.2% |
| Vacancy Rate | 5.0% | 9.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Benton County has a homeownership rate of 63.4%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 5.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Benton County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1987 | 1976 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Benton County was built around 1987. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Benton County, MN Housing Compared With Nearby Counties
Benton County, MN is the 4th largest of the 6 counties compared here, 41,593 residents against a local median of 100,509. Where Benton County, MN breaks from the counties next to it is median home price, sitting 24% below the local median of $287,208 at $219,711.
Homeownership tells the same story from another angle: 66.7% against a local median of 80.6%, 17% below it. The one measure here that carries a verdict is homeownership, and at 17% below the local median it puts Benton County, MN at the weaker end of the local range. The counties themselves spread $223,094 on median home price, so Benton County, MN sits at one end of an already wide local range rather than apart from it. Benton County, MN has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Benton County, MN | 41,593 | $219,711 #5/6 | $981 #4/6 | 66.7% #6/6 |
| Sherburne County, MN | 100,509 | $321,740 | $1,128 | 83.3% |
| Morrison County, MN | 34,249 | $99,428 | $787 | 80.6% |
| Mille Lacs County, MN | 27,123 | $275,520 | $903 | 77.9% |
| Wright County, MN | 148,225 | $287,208 | $1,288 | 84.1% |
| Stearns County, MN | 160,684 | $322,521 | $1,067 | 67.9% |
Frequently Asked Questions
Common questions about the housing market in Benton County, Minnesota.
What is the median home price in Benton County, Minnesota?
The median home price in Benton County, Minnesota is $219,711, lower than the Minnesota average of $236,718.
What is the average home price in Benton County, Minnesota?
The typical home price in Benton County, Minnesota, reported as the median sale price, is $219,711. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Benton County, Minnesota?
The median gross rent in Benton County, Minnesota is $981 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Benton County in 2020?
In 2020, the median gross rent in Benton County, Minnesota was $780 per month.
What is the price-to-rent ratio in Benton County, Minnesota?
The price-to-rent ratio in Benton County, Minnesota is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Benton County.
Are home prices or rent rising faster in Benton County, Minnesota?
Both home prices and rent are rising in Benton County, up about 370.8% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Benton County, Minnesota?
63.4% of households in Benton County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Benton County, Minnesota?
The housing vacancy rate in Benton County, Minnesota is 5.0%, lower than the Minnesota average of 9.3%.
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