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 | Isanti County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,613 | $243,729 | $242,182 |
| Price Trend (Annual %) | 99.6% | 7.9% | 8.2% |
| Median Gross Rent | $1,240 | $1,234 | $1,342 |
| Rent Trend (Annual %) | 5.1% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Isanti County is about 3% lower than in Minnesota. Rent follows a similar pattern, running close to 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 Isanti County, up about 99.6% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Isanti County rose about 47.2% between 2015 and 2023, from $842 to $1,240. Over the same span, rent in Minnesota rose about 45.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Isanti County.
Buying the median-priced home in Isanti County costs roughly 15.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Isanti County. The price-to-rent ratio in Minnesota is about 16.5.
| Metric | Isanti County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,613 | $243,729 | $242,182 |
| Median Household Income | $86,895 | $88,383 | $78,145 |
| Price-to-Income Ratio | 2.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Isanti County rose about 93.9%, while median household income rose about 49.8% between 2009 and 2023 — 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 | Isanti County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.3% | 65.6% | 58.2% |
| Rental Rate | 15.2% | 25.0% | 31.3% |
| Vacancy Rate | 6.5% | 9.4% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Isanti County has a homeownership rate of 78.3%, higher than the Minnesota average of 65.6%. Its housing vacancy rate is 6.5%, compared with 9.4% in Minnesota.
Housing Stock
| Metric | Isanti County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1988 | 1976 | 1978 |
| Median Number of Rooms | 6.1 | 6.1 | 5.5 |
The typical housing unit in Isanti County was built around 1988. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Isanti County, Minnesota.
What is the median home price in Isanti County, Minnesota?
The median home price in Isanti County, Minnesota is $235,613, lower than the Minnesota average of $243,729.
What is the average home price in Isanti 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 Isanti County, Minnesota?
The median gross rent in Isanti County, Minnesota is $1,240 per month, about the same as the Minnesota average.
What was the median gross rent in Isanti County in 2020?
In 2020, the median gross rent in Isanti County, Minnesota was $1,039 per month.
What is the price-to-rent ratio in Isanti County, Minnesota?
The price-to-rent ratio in Isanti County, Minnesota is about 15.8, meaning it would take roughly 15.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Isanti County.
Are home prices or rent rising faster in Isanti County, Minnesota?
Both home prices and rent are rising in Isanti County, up about 99.6% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Isanti County, Minnesota?
78.3% of households in Isanti County, Minnesota own their home, higher than the Minnesota average of 65.6%.
What is the vacancy rate in Isanti County, Minnesota?
The housing vacancy rate in Isanti County, Minnesota is 6.5%, lower than the Minnesota average of 9.4%.