Blaine, Minnesota Housing Market Prices
Blaine 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 2% below the Minnesota median$232,770
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Median rent 33% above the Minnesota median$1,699
Housing Market Overview
| Metric | Blaine | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,770 | $236,718 | $248,835 |
| Price Trend (Annual %) | 3.0% | 6.6% | 7.5% |
| Median Gross Rent | $1,699 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Blaine is about 2% lower than in Minnesota. Rent is about 33% higher 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 Blaine, up about 3.0% and 6.1% a year respectively. Rent is changing faster.
Median rent in Blaine rose about 63.3% between 2015 and 2024, from $1,041 to $1,699. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Blaine.
Buying the median-priced home in Blaine costs roughly 11.4 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 Blaine. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Blaine | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,770 | $236,718 | $248,835 |
| Median Household Income | $107,618 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Blaine rose about 21.2%, while median household income rose about 40.1% 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 | Blaine | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.9% | 65.5% | 58.5% |
| Rental Rate | 14.4% | 25.2% | 31.2% |
| Vacancy Rate | 3.7% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Blaine has a homeownership rate of 81.9%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 3.7%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Blaine | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1991 | 1976 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Blaine was built around 1991. On average, 2.8 people live in a home with about 6.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Blaine, Minnesota.
What is the median home price in Blaine, Minnesota?
The median home price in Blaine, Minnesota is $232,770, lower than the Minnesota average of $236,718.
What is the average home price in Blaine, Minnesota?
The typical home price in Blaine, Minnesota, reported as the median sale price, is $232,770. 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 Blaine, Minnesota?
The median gross rent in Blaine, Minnesota is $1,699 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Blaine in 2020?
In 2020, the median gross rent in Blaine, Minnesota was $1,459 per month.
What is the price-to-rent ratio in Blaine, Minnesota?
The price-to-rent ratio in Blaine, Minnesota is about 11.4, meaning it would take roughly 11.4 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 Blaine.
Are home prices or rent rising faster in Blaine, Minnesota?
Both home prices and rent are rising in Blaine, up about 3.0% and 6.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Blaine, Minnesota?
81.9% of households in Blaine, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Blaine, Minnesota?
The housing vacancy rate in Blaine, Minnesota is 3.7%, lower than the Minnesota average of 9.3%.
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