Goodhue County, Minnesota Housing Market Prices
Goodhue 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 37% above the Minnesota median More expensive than 93% of counties in Minnesota$325,175
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Median rent 25% below the Minnesota median More expensive than 70% of counties in Minnesota$966
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Goodhue County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,175 | $236,718 | $248,835 |
| Price Trend (Annual %) | 9.7% | 6.6% | 7.5% |
| Median Gross Rent | $966 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Goodhue County is about 37% higher than in Minnesota. Rent is about 25% 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 Goodhue County, up about 9.7% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Goodhue County rose about 37.0% between 2015 and 2024, from $705 to $966. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Goodhue County.
Buying the median-priced home in Goodhue County costs roughly 28.1 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 Goodhue County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Goodhue County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,175 | $236,718 | $248,835 |
| Median Household Income | $83,371 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.9 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Goodhue County rose about 112.1%, while median household income rose about 38.6% 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 | Goodhue County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.5% | 65.5% | 58.5% |
| Rental Rate | 19.7% | 25.2% | 31.2% |
| Vacancy Rate | 6.8% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Goodhue County has a homeownership rate of 73.5%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 6.8%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Goodhue County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1974 | 1976 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Goodhue County was built around 1974. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 18.0 years on average.
Goodhue County, MN Housing Compared With Nearby Counties
Goodhue County, MN is the 3rd largest of the 4 counties compared here, 47,943 residents against a local median of 164,423. Where Goodhue County, MN breaks from the counties next to it is median rent, sitting 29% below the local median of $1,370 at $966.
The counties themselves spread $527 on median rent, so Goodhue County, MN sits at one end of an already wide local range rather than apart from it. Goodhue County, MN has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Goodhue County, MN | 47,943 | $325,175 #3/4 | $966 #4/4 | 78.8% #2/4 |
| Dodge County, MN | 21,046 | $340,475 | $1,020 | 86.6% |
| Dakota County, MN | 445,396 | $412,524 | $1,548 | 74.9% |
| Olmsted County, MN | 164,423 | $206,692 | $1,370 | 70.6% |
Frequently Asked Questions
Common questions about the housing market in Goodhue County, Minnesota.
What is the median home price in Goodhue County, Minnesota?
The median home price in Goodhue County, Minnesota is $325,175, higher than the Minnesota average of $236,718.
What is the average home price in Goodhue County, Minnesota?
The typical home price in Goodhue County, Minnesota, reported as the median sale price, is $325,175. 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 Goodhue County, Minnesota?
The median gross rent in Goodhue County, Minnesota is $966 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Goodhue County in 2020?
In 2020, the median gross rent in Goodhue County, Minnesota was $824 per month.
What is the price-to-rent ratio in Goodhue County, Minnesota?
The price-to-rent ratio in Goodhue County, Minnesota is about 28.1, meaning it would take roughly 28.1 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 Goodhue County.
Are home prices or rent rising faster in Goodhue County, Minnesota?
Both home prices and rent are rising in Goodhue County, up about 9.7% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Goodhue County, Minnesota?
73.5% of households in Goodhue County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Goodhue County, Minnesota?
The housing vacancy rate in Goodhue County, Minnesota is 6.8%, lower than the Minnesota average of 9.3%.
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