Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$246,649+0.1% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$53,468About 0.7× the local median income ($71,607): affordable for a typical household
Days on market62 daysFaster than a year ago: sellers have the edge
The typical home in Itasca County, MN is worth $246,649, about the same as a year ago. That is slightly below what local incomes have historically supported: fair value is about $248,292, so the area is 0.7% undervalued. It is a buyer's market: homes take about 62 days to sell, listings are up 43% from a year ago, 16% of listings have had a price cut. A household needs about $53,468 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 $71,607. In the latest IRS figures, 238 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
$246,649
Change in 1 year
+0.1%
Overvalued %
−0.7%
Show 6 more
Fair home value
$248,292
Change in 5 years
+18.9%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,337
Income needed to afford it
$53,468
Property tax rate
0.86%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,164
Market activity
Listings vs a year ago
+42.9%
Days on market
62
Listings with a price cut
16.1%
Show 3 more
Homes for sale
200
Pending sales per 100 listings
15
Asking price per sq ft
$198
People and jobs
Median household income
$71,607
Population change (1 year)
−0.1%
Unemployment rate
5.9%
Show 4 more
Population
45,404
Income adjusted for cost of living
$83,361
Net moves in (IRS)
+238
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
76.7
Flood risk score
75.4
Show 3 more
Wildfire risk score
44.8
Walkability (1 to 20)
5.7
Road, rail and air noise
53 dB
Questions people ask
Is Itasca County, MN overvalued?
Home prices in Itasca County, MN are slightly below what local incomes have historically supported: fair value is about $248,292, so the area is 0.7% undervalued.
Is Itasca County, MN a buyer's or seller's market?
Itasca County, MN is a buyer's market: homes take about 62 days to sell, listings are up 43% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Itasca County, MN?
Home values in Itasca County, MN are up 0.1% over the last year.
How much do you need to earn to buy a home in Itasca County, MN?
A household needs about $53,468 a year to afford the typical home in Itasca County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,607.