Rosemount, Minnesota Housing Market Prices
Rosemount 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 164% above the Minnesota median$625,000
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Median rent 28% above the Minnesota median$1,640
Housing Market Overview
| Metric | Rosemount | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $236,718 | $248,835 |
| Price Trend (Annual %) | 43.0% | 6.6% | 7.5% |
| Median Gross Rent | $1,640 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rosemount is about 164% higher than in Minnesota. Rent is about 28% higher 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 Rosemount, up about 43.0% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Rosemount rose about 48.4% between 2015 and 2024, from $1,105 to $1,640. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Rosemount.
Buying the median-priced home in Rosemount costs roughly 31.8 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 Rosemount. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Rosemount | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $236,718 | $248,835 |
| Median Household Income | $131,100 | $89,852 | $80,455 |
| Price-to-Income Ratio | 4.8 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rosemount rose about 358.6%, while median household income rose about 45.6% 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 | Rosemount | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.3% | 65.5% | 58.5% |
| Rental Rate | 12.3% | 25.2% | 31.2% |
| Vacancy Rate | 2.5% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Rosemount has a homeownership rate of 85.3%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 2.5%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Rosemount | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.76 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1997 | 1976 | 1978 |
| Median Number of Rooms | 7.3 | 6.1 | 5.5 |
The typical housing unit in Rosemount was built around 1997. On average, 2.8 people live in a home with about 7.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rosemount, Minnesota.
What is the median home price in Rosemount, Minnesota?
The median home price in Rosemount, Minnesota is $625,000, higher than the Minnesota average of $236,718.
What is the average home price in Rosemount, Minnesota?
The typical home price in Rosemount, Minnesota, reported as the median sale price, is $625,000. 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 Rosemount, Minnesota?
The median gross rent in Rosemount, Minnesota is $1,640 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Rosemount in 2020?
In 2020, the median gross rent in Rosemount, Minnesota was $1,371 per month.
What is the price-to-rent ratio in Rosemount, Minnesota?
The price-to-rent ratio in Rosemount, Minnesota is about 31.8, meaning it would take roughly 31.8 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 Rosemount.
Are home prices or rent rising faster in Rosemount, Minnesota?
Both home prices and rent are rising in Rosemount, up about 43.0% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rosemount, Minnesota?
85.3% of households in Rosemount, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Rosemount, Minnesota?
The housing vacancy rate in Rosemount, Minnesota is 2.5%, lower than the Minnesota average of 9.3%.
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