Stevens County, Minnesota Housing Market Prices
Stevens 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 84% below the Minnesota median Cheaper than 94% of counties in Minnesota$39,000
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Median rent 26% below the Minnesota median$951
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Stevens County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,000 | $236,718 | $248,835 |
| Price Trend (Annual %) | 11.1% | 6.6% | 7.5% |
| Median Gross Rent | $951 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stevens County is about 84% lower than in Minnesota. Rent is about 26% 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 Stevens County, up about 11.1% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Stevens County rose about 62.3% between 2015 and 2024, from $586 to $951. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Stevens County.
Buying the median-priced home in Stevens County costs roughly 3.4 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 Stevens County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Stevens County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,000 | $236,718 | $248,835 |
| Median Household Income | $75,380 | $89,852 | $80,455 |
| Price-to-Income Ratio | 0.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Stevens County fell about 71.5%, while median household income rose about 60.3% 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 | Stevens County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 65.5% | 58.5% |
| Rental Rate | 34.0% | 25.2% | 31.2% |
| Vacancy Rate | 7.0% | 9.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Stevens County has a homeownership rate of 58.9%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 7.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Stevens County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1968 | 1976 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Stevens County was built around 1968. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stevens County, Minnesota.
What is the median home price in Stevens County, Minnesota?
The median home price in Stevens County, Minnesota is $39,000, lower than the Minnesota average of $236,718.
What is the average home price in Stevens County, Minnesota?
The typical home price in Stevens County, Minnesota, reported as the median sale price, is $39,000. 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 Stevens County, Minnesota?
The median gross rent in Stevens County, Minnesota is $951 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Stevens County in 2020?
In 2020, the median gross rent in Stevens County, Minnesota was $724 per month.
What is the price-to-rent ratio in Stevens County, Minnesota?
The price-to-rent ratio in Stevens County, Minnesota is about 3.4, meaning it would take roughly 3.4 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 Stevens County.
Are home prices or rent rising faster in Stevens County, Minnesota?
Both home prices and rent are rising in Stevens County, up about 11.1% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stevens County, Minnesota?
58.9% of households in Stevens County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Stevens County, Minnesota?
The housing vacancy rate in Stevens County, Minnesota is 7.0%, lower than the Minnesota average of 9.3%.
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