Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$301,642+2.1% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$65,390About 0.9× the local median income ($72,501): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.4%Zillow expects prices to rise slightly
The typical home in Blue Earth County, MN is worth $301,642, up 2.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $260,388, so the area is 15.8% overvalued. It is a buyer's market: homes take about 64 days to sell, listings are up 39% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 3.4% over the next year. A household needs about $65,390 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,501. Typical rent is $1,274 a month, or $1,880 for a house. In the latest IRS figures, 513 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$301,642
Change in 1 year
+2.1%
Overvalued %
+15.8%
Show 7 more
Fair home value
$260,388
Change in 5 years
+24.1%
Zillow forecast, next 12 months
+3.4%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,635
Income needed to afford it
$65,390
Property tax rate
0.97%
Rent and investing
Typical rent
$1,274
Typical rent for houses
$1,880
Price-to-rent ratio
19.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,230
Gross rental yield
5.07%
Cap rate (estimate)
3.29%
Market activity
Listings vs a year ago
+39.3%
Days on market
64
Listings with a price cut
22.1%
Show 3 more
Homes for sale
227
Pending sales per 100 listings
31
Asking price per sq ft
$152
People and jobs
Median household income
$72,501
Population change (1 year)
+0.6%
Unemployment rate
4.9%
Show 4 more
Population
70,634
Income adjusted for cost of living
$79,671
Net moves in (IRS)
−513
Cost of living (US = 100)
91.0
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
72.2
Unhealthy air days a year
14
Show 4 more
Flood risk score
65.9
Wildfire risk score
31.8
Walkability (1 to 20)
7.2
Road, rail and air noise
53 dB
Questions people ask
Is Blue Earth County, MN overvalued?
Home prices in Blue Earth County, MN are well above what local incomes have historically supported: fair value is about $260,388, so the area is 15.8% overvalued.
Is Blue Earth County, MN a buyer's or seller's market?
Blue Earth County, MN is a buyer's market: homes take about 64 days to sell, listings are up 39% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Blue Earth County, MN?
Home values in Blue Earth County, MN are up 2.1% over the last year. Zillow's forecast for the next 12 months is +3.4%.
How much do you need to earn to buy a home in Blue Earth County, MN?
A household needs about $65,390 a year to afford the typical home in Blue Earth County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,501.