Yellow Medicine County, Minnesota Housing Market Prices
Yellow Medicine 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 6% below the Minnesota median$222,856
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Median rent 47% below the Minnesota median Cheaper than 94% of counties in Minnesota$678
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Yellow Medicine County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,856 | $236,718 | $248,835 |
| Price Trend (Annual %) | 23.9% | 6.6% | 7.5% |
| Median Gross Rent | $678 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yellow Medicine County is about 6% lower than in Minnesota. Rent is about 47% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Yellow Medicine County, up about 23.9% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Yellow Medicine County rose about 17.4% between 2015 and 2024, from $577 to $678. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Yellow Medicine County.
Buying the median-priced home in Yellow Medicine County costs roughly 27.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Yellow Medicine County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Yellow Medicine County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,856 | $236,718 | $248,835 |
| Median Household Income | $74,401 | $89,852 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yellow Medicine County rose about 74.0%, while median household income rose about 46.4% 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 | Yellow Medicine County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.2% | 65.5% | 58.5% |
| Rental Rate | 14.5% | 25.2% | 31.2% |
| Vacancy Rate | 9.3% | 9.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Yellow Medicine County has a homeownership rate of 76.2%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 9.3%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Yellow Medicine County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1957 | 1976 | 1978 |
| Median Number of Rooms | 7.0 | 6.1 | 5.5 |
The typical housing unit in Yellow Medicine County was built around 1957. On average, 2.3 people live in a home with about 7.0 rooms, staying for about 19.0 years on average.
Yellow Medicine County, MN Housing Compared With Nearby Counties
How Yellow Medicine County, MN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Yellow Medicine County, MN | 9,450 | $222,856 #1/2 | $678 #2/2 | 84.0% #1/2 |
| Lyon County, MN | 25,503 | $101,293 | $780 | 74.7% |
Frequently Asked Questions
Common questions about the housing market in Yellow Medicine County, Minnesota.
What is the median home price in Yellow Medicine County, Minnesota?
The median home price in Yellow Medicine County, Minnesota is $222,856, lower than the Minnesota average of $236,718.
What is the average home price in Yellow Medicine County, Minnesota?
The typical home price in Yellow Medicine County, Minnesota, reported as the median sale price, is $222,856. 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 Yellow Medicine County, Minnesota?
The median gross rent in Yellow Medicine County, Minnesota is $678 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Yellow Medicine County in 2020?
In 2020, the median gross rent in Yellow Medicine County, Minnesota was $602 per month.
What is the price-to-rent ratio in Yellow Medicine County, Minnesota?
The price-to-rent ratio in Yellow Medicine County, Minnesota is about 27.4, meaning it would take roughly 27.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Yellow Medicine County.
Are home prices or rent rising faster in Yellow Medicine County, Minnesota?
Both home prices and rent are rising in Yellow Medicine County, up about 23.9% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yellow Medicine County, Minnesota?
76.2% of households in Yellow Medicine County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Yellow Medicine County, Minnesota?
The housing vacancy rate in Yellow Medicine County, Minnesota is 9.3%, about the same as the Minnesota average.
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