Sibley County, Minnesota Housing Market Prices
Sibley 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 64% below the Minnesota median Cheaper than 85% of counties in Minnesota$85,588
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Median rent 33% below the Minnesota median$854
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sibley County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,588 | $236,718 | $248,835 |
| Price Trend (Annual %) | 18.3% | 6.6% | 7.5% |
| Median Gross Rent | $854 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sibley County is about 64% lower than in Minnesota. Rent is about 33% 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 Sibley County, up about 18.3% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Sibley County rose about 35.7% between 2015 and 2024, from $630 to $854. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Sibley County.
Buying the median-priced home in Sibley County costs roughly 8.3 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 Sibley County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Sibley County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,588 | $236,718 | $248,835 |
| Median Household Income | $78,818 | $89,852 | $80,455 |
| Price-to-Income Ratio | 1.1 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sibley County rose about 7.4%, while median household income rose about 43.5% 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 | Sibley County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.4% | 65.5% | 58.5% |
| Rental Rate | 18.3% | 25.2% | 31.2% |
| Vacancy Rate | 9.3% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Sibley County has a homeownership rate of 72.4%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 9.3%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Sibley County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.89 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1968 | 1976 | 1978 |
| Median Number of Rooms | 6.6 | 6.1 | 5.5 |
The typical housing unit in Sibley County was built around 1968. On average, 1.9 people live in a home with about 6.6 rooms, staying for about 18.0 years on average.
Sibley County, MN Housing Compared With Nearby Counties
Sibley County, MN is the smallest of the 5 counties compared here, 11,297 residents against a local median of 53,318. The measure that sets Sibley County, MN apart most is median home price: $85,588, 66% below the local median of $249,078.
Median rent tells the same story from another angle: $854 against a local median of $1,046, 18% below it. The counties themselves spread $133,770 on median home price, so Sibley County, MN sits at one end of an already wide local range rather than apart from it. Sibley County, MN has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sibley County, MN | 11,297 | $85,588 #5/5 | $854 #5/5 | 79.9% #2/5 |
| Nicollet County, MN | 34,262 | $170,076 | $969 | 72.2% |
| McLeod County, MN | 36,799 | $303,846 | $941 | 77.4% |
| Carver County, MN | 110,041 | $303,125 | $1,514 | 81.5% |
| Blue Earth County, MN | 69,837 | $195,031 | $1,123 | 61.4% |
Frequently Asked Questions
Common questions about the housing market in Sibley County, Minnesota.
What is the median home price in Sibley County, Minnesota?
The median home price in Sibley County, Minnesota is $85,588, lower than the Minnesota average of $236,718.
What is the average home price in Sibley County, Minnesota?
The typical home price in Sibley County, Minnesota, reported as the median sale price, is $85,588. 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 Sibley County, Minnesota?
The median gross rent in Sibley County, Minnesota is $854 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Sibley County in 2020?
In 2020, the median gross rent in Sibley County, Minnesota was $735 per month.
What is the price-to-rent ratio in Sibley County, Minnesota?
The price-to-rent ratio in Sibley County, Minnesota is about 8.3, meaning it would take roughly 8.3 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 Sibley County.
Are home prices or rent rising faster in Sibley County, Minnesota?
Both home prices and rent are rising in Sibley County, up about 18.3% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sibley County, Minnesota?
72.4% of households in Sibley County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Sibley County, Minnesota?
The housing vacancy rate in Sibley County, Minnesota is 9.3%, about the same as the Minnesota average.
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