Sherburne County, Minnesota Housing Market Prices
Sherburne 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 36% above the Minnesota median More expensive than 88% of counties in Minnesota$321,740
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Median rent 12% below the Minnesota median More expensive than 87% of counties in Minnesota$1,128
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sherburne County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $321,740 | $236,718 | $248,835 |
| Price Trend (Annual %) | 9.9% | 6.6% | 7.5% |
| Median Gross Rent | $1,128 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 2.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sherburne County is about 36% higher than in Minnesota. Rent is about 12% 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 Sherburne County, up about 9.9% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Sherburne County rose about 21.9% between 2015 and 2024, from $925 to $1,128. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Sherburne County.
Buying the median-priced home in Sherburne County costs roughly 23.8 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 Sherburne County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Sherburne County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $321,740 | $236,718 | $248,835 |
| Median Household Income | $106,364 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sherburne County rose about 86.5%, while median household income rose about 41.8% 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 | Sherburne County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.8% | 65.5% | 58.5% |
| Rental Rate | 16.0% | 25.2% | 31.2% |
| Vacancy Rate | 4.2% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Sherburne County has a homeownership rate of 79.8%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 4.2%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Sherburne County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1993 | 1976 | 1978 |
| Median Number of Rooms | 6.8 | 6.1 | 5.5 |
The typical housing unit in Sherburne County was built around 1993. On average, 2.8 people live in a home with about 6.8 rooms, staying for about 16.0 years on average.
Sherburne County, MN Housing Compared With Nearby Counties
Sherburne County, MN is the 3rd largest of the 6 counties compared here, 100,509 residents against a local median of 42,596. Sherburne County, MN's median home price, at $321,740, runs 17% above the $275,520 typical of the counties around it.
The counties themselves spread $83,748 on median home price, so Sherburne County, MN sits at one end of an already wide local range rather than apart from it. Sherburne County, MN has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sherburne County, MN | 100,509 | $321,740 #1/6 | $1,128 #4/6 | 83.3% #3/6 |
| Wright County, MN | 148,225 | $287,208 | $1,288 | 84.1% |
| Benton County, MN | 41,593 | $219,711 | $981 | 66.7% |
| Isanti County, MN | 42,596 | $237,318 | $1,273 | 83.7% |
| Mille Lacs County, MN | 27,123 | $275,520 | $903 | 77.9% |
| Hennepin County, MN | 1,268,249 | $303,459 | $1,486 | 62.7% |
Frequently Asked Questions
Common questions about the housing market in Sherburne County, Minnesota.
What is the median home price in Sherburne County, Minnesota?
The median home price in Sherburne County, Minnesota is $321,740, higher than the Minnesota average of $236,718.
What is the average home price in Sherburne County, Minnesota?
The typical home price in Sherburne County, Minnesota, reported as the median sale price, is $321,740. 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 Sherburne County, Minnesota?
The median gross rent in Sherburne County, Minnesota is $1,128 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Sherburne County in 2020?
In 2020, the median gross rent in Sherburne County, Minnesota was $981 per month.
What is the price-to-rent ratio in Sherburne County, Minnesota?
The price-to-rent ratio in Sherburne County, Minnesota is about 23.8, meaning it would take roughly 23.8 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 Sherburne County.
Are home prices or rent rising faster in Sherburne County, Minnesota?
Both home prices and rent are rising in Sherburne County, up about 9.9% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sherburne County, Minnesota?
79.8% of households in Sherburne County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Sherburne County, Minnesota?
The housing vacancy rate in Sherburne County, Minnesota is 4.2%, lower than the Minnesota average of 9.3%.
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