Wabasha County, Minnesota Housing Market Prices
Wabasha 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 35% below the Minnesota median Cheaper than 70% of counties in Minnesota$153,846
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Median rent 35% below the Minnesota median$830
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wabasha County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $153,846 | $236,718 | $248,835 |
| Price Trend (Annual %) | 1.7% | 6.6% | 7.5% |
| Median Gross Rent | $830 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 2.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wabasha County is about 35% lower than in Minnesota. Rent is about 35% 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 Wabasha County, up about 1.7% and 2.3% a year respectively. Rent is changing faster.
Median rent in Wabasha County rose about 18.9% between 2015 and 2024, from $698 to $830. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Wabasha County.
Buying the median-priced home in Wabasha County costs roughly 15.5 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 Wabasha County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Wabasha County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $153,846 | $236,718 | $248,835 |
| Median Household Income | $82,094 | $89,852 | $80,455 |
| Price-to-Income Ratio | 1.9 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wabasha County rose about 6.6%, while median household income rose about 42.7% 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 | Wabasha County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.1% | 65.5% | 58.5% |
| Rental Rate | 14.8% | 25.2% | 31.2% |
| Vacancy Rate | 11.0% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Wabasha County has a homeownership rate of 74.1%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 11.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Wabasha County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1975 | 1976 | 1978 |
| Median Number of Rooms | 6.6 | 6.1 | 5.5 |
The typical housing unit in Wabasha County was built around 1975. On average, 2.3 people live in a home with about 6.6 rooms, staying for about 18.0 years on average.
Wabasha County, MN Housing Compared With Nearby Counties
How Wabasha County, MN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wabasha County, MN | 21,565 | $153,846 #3/3 | $830 #3/3 | 83.3% #1/3 |
| Olmsted County, MN | 164,423 | $206,692 | $1,370 | 70.6% |
| Goodhue County, MN | 47,943 | $325,175 | $966 | 78.8% |
Frequently Asked Questions
Common questions about the housing market in Wabasha County, Minnesota.
What is the median home price in Wabasha County, Minnesota?
The median home price in Wabasha County, Minnesota is $153,846, lower than the Minnesota average of $236,718.
What is the average home price in Wabasha County, Minnesota?
The typical home price in Wabasha County, Minnesota, reported as the median sale price, is $153,846. 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 Wabasha County, Minnesota?
The median gross rent in Wabasha County, Minnesota is $830 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Wabasha County in 2020?
In 2020, the median gross rent in Wabasha County, Minnesota was $675 per month.
What is the price-to-rent ratio in Wabasha County, Minnesota?
The price-to-rent ratio in Wabasha County, Minnesota is about 15.5, meaning it would take roughly 15.5 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 Wabasha County.
Are home prices or rent rising faster in Wabasha County, Minnesota?
Both home prices and rent are rising in Wabasha County, up about 1.7% and 2.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Wabasha County, Minnesota?
74.1% of households in Wabasha County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Wabasha County, Minnesota?
The housing vacancy rate in Wabasha County, Minnesota is 11.0%, higher than the Minnesota average of 9.3%.
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