Swift County, Minnesota Housing Market Prices
Swift 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 41% below the Minnesota median Cheaper than 72% of counties in Minnesota$138,802
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Median rent 28% below the Minnesota median$920
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Swift County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $138,802 | $236,718 | $248,835 |
| Price Trend (Annual %) | 80.6% | 6.6% | 7.5% |
| Median Gross Rent | $920 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Swift County is about 41% lower than in Minnesota. Rent is about 28% 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 Swift County, up about 80.6% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Swift County rose about 59.0% between 2015 and 2024, from $579 to $920. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Swift County.
Buying the median-priced home in Swift County costs roughly 12.6 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 Swift County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Swift County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $138,802 | $236,718 | $248,835 |
| Median Household Income | $60,667 | $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 Swift County rose about 208.5%, while median household income rose about 44.3% 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 | Swift County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.4% | 65.5% | 58.5% |
| Rental Rate | 24.2% | 25.2% | 31.2% |
| Vacancy Rate | 12.4% | 9.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Swift County has a homeownership rate of 63.4%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 12.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Swift County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1964 | 1976 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Swift County was built around 1964. On average, 2.3 people live in a home with about 6.4 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Swift County, Minnesota.
What is the median home price in Swift County, Minnesota?
The median home price in Swift County, Minnesota is $138,802, lower than the Minnesota average of $236,718.
What is the average home price in Swift County, Minnesota?
The typical home price in Swift County, Minnesota, reported as the median sale price, is $138,802. 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 Swift County, Minnesota?
The median gross rent in Swift County, Minnesota is $920 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Swift County in 2020?
In 2020, the median gross rent in Swift County, Minnesota was $683 per month.
What is the price-to-rent ratio in Swift County, Minnesota?
The price-to-rent ratio in Swift County, Minnesota is about 12.6, meaning it would take roughly 12.6 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 Swift County.
Are home prices or rent rising faster in Swift County, Minnesota?
Both home prices and rent are rising in Swift County, up about 80.6% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Swift County, Minnesota?
63.4% of households in Swift County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Swift County, Minnesota?
The housing vacancy rate in Swift County, Minnesota is 12.4%, higher than the Minnesota average of 9.3%.
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