Crystal, Minnesota Housing Market Prices
Crystal 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 82% above the Minnesota median$429,737
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Median rent 15% above the Minnesota median$1,476
Housing Market Overview
| Metric | Crystal | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $429,737 | $236,718 | $248,835 |
| Price Trend (Annual %) | 16.6% | 6.6% | 7.5% |
| Median Gross Rent | $1,476 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crystal is about 82% higher than in Minnesota. Rent is about 15% 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 Crystal, up about 16.6% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Crystal rose about 54.8% between 2015 and 2024, from $954 to $1,476. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Crystal.
Buying the median-priced home in Crystal costs roughly 24.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Crystal. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Crystal | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $429,737 | $236,718 | $248,835 |
| Median Household Income | $92,729 | $89,852 | $80,455 |
| Price-to-Income Ratio | 4.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Crystal rose about 245.5%, while median household income rose about 42.1% 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 | Crystal | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.1% | 65.5% | 58.5% |
| Rental Rate | 22.0% | 25.2% | 31.2% |
| Vacancy Rate | 2.9% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Crystal has a homeownership rate of 75.1%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 2.9%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Crystal | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1960 | 1976 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Crystal was built around 1960. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 14.0 years on average.
Crystal, MN Housing Compared With Nearby Cities
How Crystal, MN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Crystal, MN | 22,688 | $429,737 #1/2 | $1,476 #2/2 | 77.3% #1/2 |
| Golden Valley, MN | 21,735 | $172,946 | $1,785 | 70.7% |
Frequently Asked Questions
Common questions about the housing market in Crystal, Minnesota.
What is the median home price in Crystal, Minnesota?
The median home price in Crystal, Minnesota is $429,737, higher than the Minnesota average of $236,718.
What is the average home price in Crystal, Minnesota?
The typical home price in Crystal, Minnesota, reported as the median sale price, is $429,737. 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 Crystal, Minnesota?
The median gross rent in Crystal, Minnesota is $1,476 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Crystal in 2020?
In 2020, the median gross rent in Crystal, Minnesota was $1,142 per month.
What is the price-to-rent ratio in Crystal, Minnesota?
The price-to-rent ratio in Crystal, Minnesota is about 24.3, meaning it would take roughly 24.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Crystal.
Are home prices or rent rising faster in Crystal, Minnesota?
Both home prices and rent are rising in Crystal, up about 16.6% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crystal, Minnesota?
75.1% of households in Crystal, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Crystal, Minnesota?
The housing vacancy rate in Crystal, Minnesota is 2.9%, lower than the Minnesota average of 9.3%.
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