Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$321,212+1.6% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$69,632About 0.8× the local median income ($84,127): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
The typical home in Goodhue County, MN is worth $321,212, up 1.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $286,820, so the area is 12.0% overvalued. It is a buyer's market: homes take about 64 days to sell, listings are up 20% from a year ago, 15% of listings have had a price cut. A household needs about $69,632 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 $84,127. Typical rent is $1,348 a month. In the latest IRS figures, 74 more people moved in than out.
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
$321,212
Change in 1 year
+1.6%
Overvalued %
+12.0%
Show 6 more
Fair home value
$286,820
Change in 5 years
+19.4%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,741
Income needed to afford it
$69,632
Property tax rate
1.05%
Rent and investing
Typical rent
$1,348
Price-to-rent ratio
19.9×
HUD Fair Market Rent, 2 bedrooms
$1,172
Show 2 more
Gross rental yield
5.04%
Cap rate (estimate)
3.27%
Market activity
Listings vs a year ago
+20.4%
Days on market
64
Listings with a price cut
15.2%
Show 3 more
Homes for sale
177
Pending sales per 100 listings
24
Asking price per sq ft
$181
People and jobs
Median household income
$84,127
Population change (1 year)
+0.1%
Unemployment rate
3.6%
Show 4 more
Population
48,195
Income adjusted for cost of living
$97,936
Net moves in (IRS)
+74
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
43.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
53.6
Wildfire risk score
9.0
Walkability (1 to 20)
7.1
Road, rail and air noise
53 dB
Questions people ask
Is Goodhue County, MN overvalued?
Home prices in Goodhue County, MN are well above what local incomes have historically supported: fair value is about $286,820, so the area is 12.0% overvalued.
Is Goodhue County, MN a buyer's or seller's market?
Goodhue County, MN is a buyer's market: homes take about 64 days to sell, listings are up 20% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Goodhue County, MN?
Home values in Goodhue County, MN are up 1.6% over the last year.
How much do you need to earn to buy a home in Goodhue County, MN?
A household needs about $69,632 a year to afford the typical home in Goodhue County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,127.