Koochiching County, Minnesota Housing Market Prices
Koochiching 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 15% above the Minnesota median More expensive than 76% of counties in Minnesota$272,727
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Median rent 48% below the Minnesota median Among the top 5 cheapest counties in Minnesota$671
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Koochiching County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $272,727 | $236,718 | $248,835 |
| Price Trend (Annual %) | 29.8% | 6.6% | 7.5% |
| Median Gross Rent | $671 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Koochiching County is about 15% higher than in Minnesota. Rent is about 48% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Koochiching County, up about 29.8% and 2.0% a year respectively. Home prices are changing faster.
Median rent in Koochiching County rose about 20.1% between 2015 and 2024, from $559 to $671. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Koochiching County.
Buying the median-priced home in Koochiching County costs roughly 33.9 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 Koochiching County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Koochiching County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $272,727 | $236,718 | $248,835 |
| Median Household Income | $66,575 | $89,852 | $80,455 |
| Price-to-Income Ratio | 4.1 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Koochiching County rose about 146.6%, while median household income rose about 54.3% 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 | Koochiching County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.6% | 65.5% | 58.5% |
| Rental Rate | 15.5% | 25.2% | 31.2% |
| Vacancy Rate | 20.9% | 9.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Koochiching County has a homeownership rate of 63.6%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 20.9%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Koochiching County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.96 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1974 | 1976 | 1978 |
| Median Number of Rooms | 5.4 | 6.1 | 5.5 |
The typical housing unit in Koochiching County was built around 1974. On average, 2.0 people live in a home with about 5.4 rooms, staying for about 19.0 years on average.
Koochiching County, MN Housing Compared With Nearby Counties
How Koochiching County, MN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Koochiching County, MN | 11,832 | $272,727 #2/3 | $671 #3/3 | 80.4% #2/3 |
| Itasca County, MN | 45,273 | $280,561 | $988 | 83.0% |
| St. Louis County, MN | 200,015 | $129,132 | $1,013 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Koochiching County, Minnesota.
What is the median home price in Koochiching County, Minnesota?
The median home price in Koochiching County, Minnesota is $272,727, higher than the Minnesota average of $236,718.
What is the average home price in Koochiching County, Minnesota?
The typical home price in Koochiching County, Minnesota, reported as the median sale price, is $272,727. 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 Koochiching County, Minnesota?
The median gross rent in Koochiching County, Minnesota is $671 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Koochiching County in 2020?
In 2020, the median gross rent in Koochiching County, Minnesota was $686 per month.
What is the price-to-rent ratio in Koochiching County, Minnesota?
The price-to-rent ratio in Koochiching County, Minnesota is about 33.9, meaning it would take roughly 33.9 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 Koochiching County.
Are home prices or rent rising faster in Koochiching County, Minnesota?
Both home prices and rent are rising in Koochiching County, up about 29.8% and 2.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Koochiching County, Minnesota?
63.6% of households in Koochiching County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Koochiching County, Minnesota?
The housing vacancy rate in Koochiching County, Minnesota is 20.9%, higher than the Minnesota average of 9.3%.
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