Scott County, Minnesota Housing Market Prices
Scott 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.
-
Median home price 19% above the Minnesota median More expensive than 81% of counties in Minnesota$282,373
-
Median rent 22% above the Minnesota median Among the 3 most expensive counties in Minnesota$1,568
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Scott County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,373 | $236,718 | $248,835 |
| Price Trend (Annual %) | 11.7% | 6.6% | 7.5% |
| Median Gross Rent | $1,568 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Scott County is about 19% higher than in Minnesota. Rent is about 22% 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 Scott County, up about 11.7% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Scott County rose about 53.1% between 2015 and 2024, from $1,024 to $1,568. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Scott County.
Buying the median-priced home in Scott County costs roughly 15.0 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 Scott County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Scott County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,373 | $236,718 | $248,835 |
| Median Household Income | $120,239 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Scott County rose about 97.3%, while median household income rose about 39.6% 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 | Scott County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.3% | 65.5% | 58.5% |
| Rental Rate | 15.7% | 25.2% | 31.2% |
| Vacancy Rate | 3.0% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Scott County has a homeownership rate of 81.3%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 3.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Scott County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1994 | 1976 | 1978 |
| Median Number of Rooms | 7.2 | 6.1 | 5.5 |
The typical housing unit in Scott County was built around 1994. On average, 2.8 people live in a home with about 7.2 rooms, staying for about 16.0 years on average.
Scott County, MN Housing Compared With Nearby Counties
Scott County, MN is the 3rd largest of the 5 counties compared here, 154,543 residents against a local median of 277,719. Scott County, MN's median home price, at $282,373, runs 18% below the $343,397 typical of the counties around it.
The counties themselves spread $109,399 on median home price, so Scott County, MN sits at one end of an already wide local range rather than apart from it. Scott County, MN has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Scott County, MN | 154,543 | $282,373 #5/5 | $1,568 #1/5 | 83.8% #1/5 |
| Carver County, MN | 110,041 | $303,125 | $1,514 | 81.5% |
| Hennepin County, MN | 1,268,249 | $303,459 | $1,486 | 62.7% |
| Rice County, MN | 67,917 | $383,335 | $1,082 | 76.3% |
| Dakota County, MN | 445,396 | $412,524 | $1,548 | 74.9% |
Frequently Asked Questions
Common questions about the housing market in Scott County, Minnesota.
What is the median home price in Scott County, Minnesota?
The median home price in Scott County, Minnesota is $282,373, higher than the Minnesota average of $236,718.
What is the average home price in Scott County, Minnesota?
The typical home price in Scott County, Minnesota, reported as the median sale price, is $282,373. 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 Scott County, Minnesota?
The median gross rent in Scott County, Minnesota is $1,568 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Scott County in 2020?
In 2020, the median gross rent in Scott County, Minnesota was $1,215 per month.
What is the price-to-rent ratio in Scott County, Minnesota?
The price-to-rent ratio in Scott County, Minnesota is about 15.0, meaning it would take roughly 15.0 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 Scott County.
Are home prices or rent rising faster in Scott County, Minnesota?
Both home prices and rent are rising in Scott County, up about 11.7% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Scott County, Minnesota?
81.3% of households in Scott County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Scott County, Minnesota?
The housing vacancy rate in Scott County, Minnesota is 3.0%, lower than the Minnesota average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →