Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Dodge County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $351,162 | $243,729 | $242,182 |
| Price Trend (Annual %) | 26.9% | 7.9% | 8.2% |
| Median Gross Rent | $1,007 | $1,234 | $1,342 |
| Rent Trend (Annual %) | 7.3% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dodge County is about 44% higher than in Minnesota. Rent is about 18% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Dodge County, up about 26.9% and 7.3% a year respectively. Home prices are changing faster.
Median rent in Dodge County rose about 58.6% between 2015 and 2023, from $634 to $1,007. Over the same span, rent in Minnesota rose about 45.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Dodge County.
Buying the median-priced home in Dodge County costs roughly 29.1 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 Dodge County. The price-to-rent ratio in Minnesota is about 16.5.
| Metric | Dodge County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $351,162 | $243,729 | $242,182 |
| Median Household Income | $93,189 | $88,383 | $78,145 |
| Price-to-Income Ratio | 3.8 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dodge County rose about 34.5%, while median household income rose about 48.2% between 2009 and 2023 — 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 | Dodge County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 83.7% | 65.6% | 58.2% |
| Rental Rate | 11.8% | 25.0% | 31.3% |
| Vacancy Rate | 4.5% | 9.4% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Dodge County has a homeownership rate of 83.7%, higher than the Minnesota average of 65.6%. Its housing vacancy rate is 4.5%, compared with 9.4% in Minnesota.
Housing Stock
| Metric | Dodge County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1983 | 1976 | 1978 |
| Median Number of Rooms | 6.8 | 6.1 | 5.5 |
The typical housing unit in Dodge County was built around 1983. On average, 2.6 people live in a home with about 6.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dodge County, Minnesota.
What is the median home price in Dodge County, Minnesota?
The median home price in Dodge County, Minnesota is $351,162, higher than the Minnesota average of $243,729.
What is the average home price in Dodge County, Minnesota?
The typical home price in %s, reported as the median sale price, is %s. 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 Dodge County, Minnesota?
The median gross rent in Dodge County, Minnesota is $1,007 per month, lower than the Minnesota average of $1,234.
What was the median gross rent in Dodge County in 2020?
In 2020, the median gross rent in Dodge County, Minnesota was $719 per month.
What is the price-to-rent ratio in Dodge County, Minnesota?
The price-to-rent ratio in Dodge County, Minnesota is about 29.1, meaning it would take roughly 29.1 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 Dodge County.
Are home prices or rent rising faster in Dodge County, Minnesota?
Both home prices and rent are rising in Dodge County, up about 26.9% and 7.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dodge County, Minnesota?
83.7% of households in Dodge County, Minnesota own their home, higher than the Minnesota average of 65.6%.
What is the vacancy rate in Dodge County, Minnesota?
The housing vacancy rate in Dodge County, Minnesota is 4.5%, lower than the Minnesota average of 9.4%.