Mahnomen County, Minnesota Housing Market Prices
Mahnomen 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 80% below the Minnesota median Cheaper than 93% of counties in Minnesota$46,666
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Median rent 46% below the Minnesota median Cheaper than 92% of counties in Minnesota$695
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mahnomen County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,666 | $236,718 | $248,835 |
| Price Trend (Annual %) | 3.6% | 6.6% | 7.5% |
| Median Gross Rent | $695 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mahnomen County is about 80% lower than in Minnesota. Rent is about 46% 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 Mahnomen County, up about 3.6% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Mahnomen County rose about 34.2% between 2015 and 2024, from $518 to $695. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Mahnomen County.
Buying the median-priced home in Mahnomen County costs roughly 5.6 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 Mahnomen County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Mahnomen County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,666 | $236,718 | $248,835 |
| Median Household Income | $59,265 | $89,852 | $80,455 |
| Price-to-Income Ratio | 0.8 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mahnomen County fell about 43.4%, while median household income rose about 40.1% 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 | Mahnomen County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.2% | 65.5% | 58.5% |
| Rental Rate | 19.8% | 25.2% | 31.2% |
| Vacancy Rate | 26.0% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Mahnomen County has a homeownership rate of 54.2%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 26.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Mahnomen County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1972 | 1976 | 1978 |
| Median Number of Rooms | 5.3 | 6.1 | 5.5 |
The typical housing unit in Mahnomen County was built around 1972. On average, 2.8 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mahnomen County, Minnesota.
What is the median home price in Mahnomen County, Minnesota?
The median home price in Mahnomen County, Minnesota is $46,666, lower than the Minnesota average of $236,718.
What is the average home price in Mahnomen County, Minnesota?
The typical home price in Mahnomen County, Minnesota, reported as the median sale price, is $46,666. 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 Mahnomen County, Minnesota?
The median gross rent in Mahnomen County, Minnesota is $695 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Mahnomen County in 2020?
In 2020, the median gross rent in Mahnomen County, Minnesota was $632 per month.
What is the price-to-rent ratio in Mahnomen County, Minnesota?
The price-to-rent ratio in Mahnomen County, Minnesota is about 5.6, meaning it would take roughly 5.6 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 Mahnomen County.
Are home prices or rent rising faster in Mahnomen County, Minnesota?
Both home prices and rent are rising in Mahnomen County, up about 3.6% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mahnomen County, Minnesota?
54.2% of households in Mahnomen County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Mahnomen County, Minnesota?
The housing vacancy rate in Mahnomen County, Minnesota is 26.0%, higher than the Minnesota average of 9.3%.
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