Renville County, Minnesota Housing Market Prices
Renville 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 22% below the Minnesota median$185,185
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Median rent 38% below the Minnesota median Cheaper than 76% of counties in Minnesota$789
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Renville County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,185 | $236,718 | $248,835 |
| Price Trend (Annual %) | 15.8% | 6.6% | 7.5% |
| Median Gross Rent | $789 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Renville County is about 22% lower than in Minnesota. Rent is about 38% 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 Renville County, up about 15.8% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Renville County rose about 36.7% between 2015 and 2024, from $577 to $789. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Renville County.
Buying the median-priced home in Renville County costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Renville County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Renville County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,185 | $236,718 | $248,835 |
| Median Household Income | $70,904 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Renville County rose about 104.1%, while median household income rose about 45.2% 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 | Renville County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.2% | 65.5% | 58.5% |
| Rental Rate | 17.4% | 25.2% | 31.2% |
| Vacancy Rate | 12.4% | 9.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Renville County has a homeownership rate of 70.2%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 12.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Renville County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1961 | 1976 | 1978 |
| Median Number of Rooms | 6.6 | 6.1 | 5.5 |
The typical housing unit in Renville County was built around 1961. On average, 2.3 people live in a home with about 6.6 rooms, staying for about 19.0 years on average.
Renville County, MN Housing Compared With Nearby Counties
Renville County, MN is the smallest of the 4 counties compared here, 14,558 residents against a local median of 36,799. The measure that sets Renville County, MN apart most is median home price: $185,185, 39% below the local median of $303,846.
The counties themselves spread $165,071 on median home price, so Renville County, MN sits at one end of an already wide local range rather than apart from it. Renville County, MN has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Renville County, MN | 14,558 | $185,185 #4/4 | $789 #4/4 | 80.2% #1/4 |
| Kandiyohi County, MN | 44,079 | $206,357 | $909 | 72.5% |
| Brown County, MN | 25,800 | $371,428 | $889 | 78.9% |
| McLeod County, MN | 36,799 | $303,846 | $941 | 77.4% |
Frequently Asked Questions
Common questions about the housing market in Renville County, Minnesota.
What is the median home price in Renville County, Minnesota?
The median home price in Renville County, Minnesota is $185,185, lower than the Minnesota average of $236,718.
What is the average home price in Renville County, Minnesota?
The typical home price in Renville County, Minnesota, reported as the median sale price, is $185,185. 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 Renville County, Minnesota?
The median gross rent in Renville County, Minnesota is $789 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Renville County in 2020?
In 2020, the median gross rent in Renville County, Minnesota was $652 per month.
What is the price-to-rent ratio in Renville County, Minnesota?
The price-to-rent ratio in Renville County, Minnesota is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Renville County.
Are home prices or rent rising faster in Renville County, Minnesota?
Both home prices and rent are rising in Renville County, up about 15.8% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Renville County, Minnesota?
70.2% of households in Renville County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Renville County, Minnesota?
The housing vacancy rate in Renville County, Minnesota is 12.4%, higher than the Minnesota average of 9.3%.
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