Big Stone County, Minnesota Housing Market Prices
Big Stone 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 74% below the Minnesota median Cheaper than 90% of counties in Minnesota$62,500
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Median rent 42% below the Minnesota median Cheaper than 87% of counties in Minnesota$745
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Big Stone County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $62,500 | $236,718 | $248,835 |
| Price Trend (Annual %) | 22.0% | 6.6% | 7.5% |
| Median Gross Rent | $745 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Big Stone County is about 74% lower than in Minnesota. Rent is about 42% 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 Big Stone County, up about 22.0% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Big Stone County rose about 46.5% between 2015 and 2024, from $508 to $745. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Big Stone County.
Buying the median-priced home in Big Stone County costs roughly 7.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Big Stone County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Big Stone County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $62,500 | $236,718 | $248,835 |
| Median Household Income | $69,402 | $89,852 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Big Stone County rose about 33.3%, while median household income rose about 52.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Big Stone County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 65.5% | 58.5% |
| Rental Rate | 14.4% | 25.2% | 31.2% |
| Vacancy Rate | 28.8% | 9.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Big Stone County has a homeownership rate of 56.7%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 28.8%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Big Stone County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1961 | 1976 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Big Stone County was built around 1961. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Big Stone County, Minnesota.
What is the median home price in Big Stone County, Minnesota?
The median home price in Big Stone County, Minnesota is $62,500, lower than the Minnesota average of $236,718.
What is the average home price in Big Stone County, Minnesota?
The typical home price in Big Stone County, Minnesota, reported as the median sale price, is $62,500. 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 Big Stone County, Minnesota?
The median gross rent in Big Stone County, Minnesota is $745 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Big Stone County in 2020?
In 2020, the median gross rent in Big Stone County, Minnesota was $606 per month.
What is the price-to-rent ratio in Big Stone County, Minnesota?
The price-to-rent ratio in Big Stone County, Minnesota is about 7.0, meaning it would take roughly 7.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Big Stone County.
Are home prices or rent rising faster in Big Stone County, Minnesota?
Both home prices and rent are rising in Big Stone County, up about 22.0% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Big Stone County, Minnesota?
56.7% of households in Big Stone County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Big Stone County, Minnesota?
The housing vacancy rate in Big Stone County, Minnesota is 28.8%, higher than the Minnesota average of 9.3%.
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