Affordable
Expensive
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These days, finding an affordable place to live in the Olmsted County area can be challenging. Home prices in Olmsted County are now at a median cost of $355,351, higher than the Minnesota average of $345,793.
The average cost of rent is $1,440/mo in Olmsted County, primarily driven by the current value of real estate in the Olmsted County area. In Olmsted County, 29.43% of households rent, and 38.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olmsted County is $9,259 per month. Households that rent pay about 15.55% of their income on rent here. Olmsted County’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Dodge County, MN: less expensive homes
- Steele County, MN: less expensive homes
- Winona County, MN: less expensive homes
- Waseca County, MN: less expensive homes
- Blue Earth County, MN: less expensive homes
- Monroe County, WI: less expensive homes
- Watonwan County, MN: less expensive homes
- Cottonwood County, MN: less expensive homes
- Adams County, WI: less expensive homes
- Waushara County, WI: less expensive homes
Counties with Similar Populations
- Citrus County, FL: less expensive homes
- Rankin County, MS: less expensive homes
- Franklin County, PA: less expensive homes
- Cumberland County, NJ: less expensive homes
- Columbia County, GA: less expensive homes
- Charles County, MD: higher priced homes
- Centre County, PA: equally priced homes
- Catawba County, NC: less expensive homes
- Carolina Municipio, PR: less expensive homes
- Canadian County, OK: less expensive homes
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