Wright County, Minnesota Housing Market Prices
Wright 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 21% above the Minnesota median More expensive than 83% of counties in Minnesota$287,208
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Median rent 1% above the Minnesota median More expensive than 91% of counties in Minnesota$1,288
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wright County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,208 | $236,718 | $248,835 |
| Price Trend (Annual %) | 7.4% | 6.6% | 7.5% |
| Median Gross Rent | $1,288 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wright County is about 21% higher than in Minnesota. Rent is about 1% higher 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 Wright County, up about 7.4% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Wright County rose about 43.5% between 2015 and 2024, from $898 to $1,288. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Wright County.
Buying the median-priced home in Wright County costs roughly 18.6 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 Wright County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Wright County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,208 | $236,718 | $248,835 |
| Median Household Income | $106,875 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wright County rose about 116.9%, while median household income rose about 49.0% 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 | Wright County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.1% | 65.5% | 58.5% |
| Rental Rate | 15.0% | 25.2% | 31.2% |
| Vacancy Rate | 5.9% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Wright County has a homeownership rate of 79.1%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 5.9%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Wright County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1991 | 1976 | 1978 |
| Median Number of Rooms | 6.8 | 6.1 | 5.5 |
The typical housing unit in Wright County was built around 1991. On average, 2.7 people live in a home with about 6.8 rooms, staying for about 16.0 years on average.
Wright County, MN Housing Compared With Nearby Counties
Wright County, MN is the 2nd largest of the 6 counties compared here, 148,225 residents against a local median of 100,509. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Wright County, MN an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 14% above the local median at $1,288 against $1,128. Wright County, MN has the 3rd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wright County, MN | 148,225 | $287,208 #5/6 | $1,288 #3/6 | 84.1% #1/6 |
| Sherburne County, MN | 100,509 | $321,740 | $1,128 | 83.3% |
| Carver County, MN | 110,041 | $303,125 | $1,514 | 81.5% |
| McLeod County, MN | 36,799 | $303,846 | $941 | 77.4% |
| Hennepin County, MN | 1,268,249 | $303,459 | $1,486 | 62.7% |
| Benton County, MN | 41,593 | $219,711 | $981 | 66.7% |
Frequently Asked Questions
Common questions about the housing market in Wright County, Minnesota.
What is the median home price in Wright County, Minnesota?
The median home price in Wright County, Minnesota is $287,208, higher than the Minnesota average of $236,718.
What is the average home price in Wright County, Minnesota?
The typical home price in Wright County, Minnesota, reported as the median sale price, is $287,208. 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 Wright County, Minnesota?
The median gross rent in Wright County, Minnesota is $1,288 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Wright County in 2020?
In 2020, the median gross rent in Wright County, Minnesota was $987 per month.
What is the price-to-rent ratio in Wright County, Minnesota?
The price-to-rent ratio in Wright County, Minnesota is about 18.6, meaning it would take roughly 18.6 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 Wright County.
Are home prices or rent rising faster in Wright County, Minnesota?
Both home prices and rent are rising in Wright County, up about 7.4% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wright County, Minnesota?
79.1% of households in Wright County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Wright County, Minnesota?
The housing vacancy rate in Wright County, Minnesota is 5.9%, lower than the Minnesota average of 9.3%.
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