Itasca County, Minnesota Housing Market Prices
Itasca 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 19% above the Minnesota median More expensive than 80% of counties in Minnesota$280,561
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Median rent 23% below the Minnesota median More expensive than 74% of counties in Minnesota$988
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Itasca County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,561 | $236,718 | $248,835 |
| Price Trend (Annual %) | 16.0% | 6.6% | 7.5% |
| Median Gross Rent | $988 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Itasca County is about 19% higher than in Minnesota. Rent is about 23% 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 Itasca County, up about 16.0% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Itasca County rose about 54.0% between 2015 and 2024, from $641 to $988. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Itasca County.
Buying the median-priced home in Itasca County costs roughly 23.7 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 Itasca County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Itasca County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,561 | $236,718 | $248,835 |
| Median Household Income | $68,729 | $89,852 | $80,455 |
| Price-to-Income Ratio | 4.1 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Itasca County rose about 142.0%, while median household income rose about 49.2% 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 | Itasca County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 65.5% | 58.5% |
| Rental Rate | 12.2% | 25.2% | 31.2% |
| Vacancy Rate | 27.8% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Itasca County has a homeownership rate of 60.0%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 27.8%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Itasca County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1977 | 1976 | 1978 |
| Median Number of Rooms | 5.5 | 6.1 | 5.5 |
The typical housing unit in Itasca County was built around 1977. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Itasca County, MN Housing Compared With Nearby Counties
How Itasca County, MN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Itasca County, MN | 45,273 | $280,561 #2/3 | $988 #2/3 | 83.0% #1/3 |
| Crow Wing County, MN | 67,686 | $348,837 | $971 | 77.0% |
| St. Louis County, MN | 200,015 | $129,132 | $1,013 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Itasca County, Minnesota.
What is the median home price in Itasca County, Minnesota?
The median home price in Itasca County, Minnesota is $280,561, higher than the Minnesota average of $236,718.
What is the average home price in Itasca County, Minnesota?
The typical home price in Itasca County, Minnesota, reported as the median sale price, is $280,561. 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 Itasca County, Minnesota?
The median gross rent in Itasca County, Minnesota is $988 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Itasca County in 2020?
In 2020, the median gross rent in Itasca County, Minnesota was $737 per month.
What is the price-to-rent ratio in Itasca County, Minnesota?
The price-to-rent ratio in Itasca County, Minnesota is about 23.7, meaning it would take roughly 23.7 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 Itasca County.
Are home prices or rent rising faster in Itasca County, Minnesota?
Both home prices and rent are rising in Itasca County, up about 16.0% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Itasca County, Minnesota?
60.0% of households in Itasca County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Itasca County, Minnesota?
The housing vacancy rate in Itasca County, Minnesota is 27.8%, higher than the Minnesota average of 9.3%.
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