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 | Kittson County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,749 | $243,729 | $242,182 |
| Price Trend (Annual %) | -1.8% | 7.9% | 8.2% |
| Median Gross Rent | $727 | $1,234 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kittson County is about 84% lower than in Minnesota. Rent is about 41% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Kittson County: home prices fell about 1.8% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
Median rent in Kittson County rose about 44.3% between 2015 and 2023, from $504 to $727. Over the same span, rent in Minnesota rose about 45.7%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Kittson County.
Buying the median-priced home in Kittson County costs roughly 4.4 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 Kittson County. The price-to-rent ratio in Minnesota is about 16.5.
| Metric | Kittson County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,749 | $243,729 | $242,182 |
| Median Household Income | $70,025 | $88,383 | $78,145 |
| Price-to-Income Ratio | 0.6 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kittson County fell about 25.9%, while median household income rose about 48.4% between 2009 and 2023 — 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 | Kittson County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.6% | 65.6% | 58.2% |
| Rental Rate | 13.6% | 25.0% | 31.3% |
| Vacancy Rate | 22.9% | 9.4% | 10.6% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Kittson County has a homeownership rate of 63.6%, lower than the Minnesota average of 65.6%. Its housing vacancy rate is 22.9%, compared with 9.4% in Minnesota.
Housing Stock
| Metric | Kittson County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1964 | 1976 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Kittson County was built around 1964. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kittson County, Minnesota.
What is the median home price in Kittson County, Minnesota?
The median home price in Kittson County, Minnesota is $38,749, lower than the Minnesota average of $243,729.
What is the average home price in Kittson 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 Kittson County, Minnesota?
The median gross rent in Kittson County, Minnesota is $727 per month, lower than the Minnesota average of $1,234.
What was the median gross rent in Kittson County in 2020?
In 2020, the median gross rent in Kittson County, Minnesota was $646 per month.
What is the price-to-rent ratio in Kittson County, Minnesota?
The price-to-rent ratio in Kittson County, Minnesota is about 4.4, meaning it would take roughly 4.4 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 Kittson County.
Are home prices or rent rising faster in Kittson County, Minnesota?
Home prices and rent are moving in opposite directions in Kittson County: home prices fell about 1.8% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Kittson County, Minnesota?
63.6% of households in Kittson County, Minnesota own their home, lower than the Minnesota average of 65.6%.
What is the vacancy rate in Kittson County, Minnesota?
The housing vacancy rate in Kittson County, Minnesota is 22.9%, higher than the Minnesota average of 9.4%.