Fillmore County, Minnesota Housing Market Prices
Fillmore 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 12% below the Minnesota median$208,333
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Median rent 38% below the Minnesota median Cheaper than 73% of counties in Minnesota$796
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fillmore County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,333 | $236,718 | $248,835 |
| Price Trend (Annual %) | 7.1% | 6.6% | 7.5% |
| Median Gross Rent | $796 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fillmore County is about 12% lower than in Minnesota. Rent is about 38% 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 Fillmore County, up about 7.1% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Fillmore County rose about 34.1% between 2015 and 2024, from $594 to $796. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Fillmore County.
Buying the median-priced home in Fillmore County costs roughly 21.8 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 Fillmore County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Fillmore County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,333 | $236,718 | $248,835 |
| Median Household Income | $78,803 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fillmore County rose about 80.3%, while median household income rose about 65.4% 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 | Fillmore County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.3% | 65.5% | 58.5% |
| Rental Rate | 15.7% | 25.2% | 31.2% |
| Vacancy Rate | 10.0% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Fillmore County has a homeownership rate of 74.3%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 10.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Fillmore County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1966 | 1976 | 1978 |
| Median Number of Rooms | 6.5 | 6.1 | 5.5 |
The typical housing unit in Fillmore County was built around 1966. On average, 2.4 people live in a home with about 6.5 rooms, staying for about 18.0 years on average.
Fillmore County, MN Housing Compared With Nearby Counties
Fillmore County, MN is the 3rd largest of the 5 counties compared here, 21,414 residents against a local median of 34,217. Fillmore County, MN's median home price, at $208,333, runs 41% above the $148,230 typical of the counties around it.
The counties themselves spread $133,693 on median home price, so Fillmore County, MN sits at one end of an already wide local range rather than apart from it. Fillmore County, MN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fillmore County, MN | 21,414 | $208,333 #1/5 | $796 #4/5 | 82.6% #2/5 |
| Howard County, IA | 9,445 | $109,318 | $713 | 77.4% |
| Winona County, MN | 49,782 | $72,999 | $907 | 69.5% |
| Olmsted County, MN | 164,423 | $206,692 | $1,370 | 70.6% |
| Houston County, MN | 18,653 | $187,142 | $878 | 83.4% |
Frequently Asked Questions
Common questions about the housing market in Fillmore County, Minnesota.
What is the median home price in Fillmore County, Minnesota?
The median home price in Fillmore County, Minnesota is $208,333, lower than the Minnesota average of $236,718.
What is the average home price in Fillmore County, Minnesota?
The typical home price in Fillmore County, Minnesota, reported as the median sale price, is $208,333. 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 Fillmore County, Minnesota?
The median gross rent in Fillmore County, Minnesota is $796 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Fillmore County in 2020?
In 2020, the median gross rent in Fillmore County, Minnesota was $677 per month.
What is the price-to-rent ratio in Fillmore County, Minnesota?
The price-to-rent ratio in Fillmore County, Minnesota is about 21.8, meaning it would take roughly 21.8 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 Fillmore County.
Are home prices or rent rising faster in Fillmore County, Minnesota?
Both home prices and rent are rising in Fillmore County, up about 7.1% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fillmore County, Minnesota?
74.3% of households in Fillmore County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Fillmore County, Minnesota?
The housing vacancy rate in Fillmore County, Minnesota is 10.0%, higher than the Minnesota average of 9.3%.
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