Hubbard County, Minnesota Housing Market Prices
Hubbard 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 69% below the Minnesota median Cheaper than 87% of counties in Minnesota$72,500
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Median rent 29% below the Minnesota median$905
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hubbard County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,500 | $236,718 | $248,835 |
| Price Trend (Annual %) | 3.1% | 6.6% | 7.5% |
| Median Gross Rent | $905 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hubbard County is about 69% lower than in Minnesota. Rent is about 29% 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 Hubbard County, up about 3.1% and 4.9% a year respectively. Rent is changing faster.
Median rent in Hubbard County rose about 34.6% between 2015 and 2024, from $672 to $905. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Hubbard County.
Buying the median-priced home in Hubbard County costs roughly 6.7 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 Hubbard County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Hubbard County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,500 | $236,718 | $248,835 |
| Median Household Income | $71,424 | $89,852 | $80,455 |
| Price-to-Income Ratio | 1.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hubbard County fell about 26.9%, while median household income rose about 53.0% 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 | Hubbard County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.4% | 65.5% | 58.5% |
| Rental Rate | 10.3% | 25.2% | 31.2% |
| Vacancy Rate | 39.3% | 9.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Hubbard County has a homeownership rate of 50.4%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 39.3%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Hubbard County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1976 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Hubbard County was built around 1984. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hubbard County, Minnesota.
What is the median home price in Hubbard County, Minnesota?
The median home price in Hubbard County, Minnesota is $72,500, lower than the Minnesota average of $236,718.
What is the average home price in Hubbard County, Minnesota?
The typical home price in Hubbard County, Minnesota, reported as the median sale price, is $72,500. 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 Hubbard County, Minnesota?
The median gross rent in Hubbard County, Minnesota is $905 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Hubbard County in 2020?
In 2020, the median gross rent in Hubbard County, Minnesota was $690 per month.
What is the price-to-rent ratio in Hubbard County, Minnesota?
The price-to-rent ratio in Hubbard County, Minnesota is about 6.7, meaning it would take roughly 6.7 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 Hubbard County.
Are home prices or rent rising faster in Hubbard County, Minnesota?
Both home prices and rent are rising in Hubbard County, up about 3.1% and 4.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Hubbard County, Minnesota?
50.4% of households in Hubbard County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Hubbard County, Minnesota?
The housing vacancy rate in Hubbard County, Minnesota is 39.3%, higher than the Minnesota average of 9.3%.
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