Mower County, Minnesota Housing Market Prices
Mower 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 56% below the Minnesota median Cheaper than 79% of counties in Minnesota$103,820
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Median rent 28% below the Minnesota median$926
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mower County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,820 | $236,718 | $248,835 |
| Price Trend (Annual %) | 1.1% | 6.6% | 7.5% |
| Median Gross Rent | $926 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mower County is about 56% lower than in Minnesota. Rent is about 28% 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 Mower County, up about 1.1% and 3.8% a year respectively. Rent is changing faster.
Median rent in Mower County rose about 33.1% between 2015 and 2024, from $696 to $926. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Mower County.
Buying the median-priced home in Mower County costs roughly 9.3 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 Mower County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Mower County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,820 | $236,718 | $248,835 |
| Median Household Income | $72,820 | $89,852 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mower County fell about 0.3%, while median household income rose about 49.3% 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 | Mower County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.7% | 65.5% | 58.5% |
| Rental Rate | 20.7% | 25.2% | 31.2% |
| Vacancy Rate | 7.6% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Mower County has a homeownership rate of 71.7%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 7.6%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Mower County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1963 | 1976 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Mower County was built around 1963. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Mower County, MN Housing Compared With Nearby Counties
Mower County, MN is the 2nd largest of the 4 counties compared here, 40,341 residents against a local median of 21,046. The measure that sets Mower County, MN apart most is median home price: $103,820, 50% below the local median of $206,692.
The counties themselves spread $231,157 on median home price, so Mower County, MN sits at one end of an already wide local range rather than apart from it. Mower County, MN has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mower County, MN | 40,341 | $103,820 #4/4 | $926 #3/4 | 77.6% #2/4 |
| Dodge County, MN | 21,046 | $340,475 | $1,020 | 86.6% |
| Olmsted County, MN | 164,423 | $206,692 | $1,370 | 70.6% |
| Howard County, IA | 9,445 | $109,318 | $713 | 77.4% |
Frequently Asked Questions
Common questions about the housing market in Mower County, Minnesota.
What is the median home price in Mower County, Minnesota?
The median home price in Mower County, Minnesota is $103,820, lower than the Minnesota average of $236,718.
What is the average home price in Mower County, Minnesota?
The typical home price in Mower County, Minnesota, reported as the median sale price, is $103,820. 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 Mower County, Minnesota?
The median gross rent in Mower County, Minnesota is $926 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Mower County in 2020?
In 2020, the median gross rent in Mower County, Minnesota was $785 per month.
What is the price-to-rent ratio in Mower County, Minnesota?
The price-to-rent ratio in Mower County, Minnesota is about 9.3, meaning it would take roughly 9.3 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 Mower County.
Are home prices or rent rising faster in Mower County, Minnesota?
Both home prices and rent are rising in Mower County, up about 1.1% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Mower County, Minnesota?
71.7% of households in Mower County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Mower County, Minnesota?
The housing vacancy rate in Mower County, Minnesota is 7.6%, lower than the Minnesota average of 9.3%.
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