Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$297,246+2.3% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$64,437About 0.8× the local median income ($81,839): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
The typical home in McLeod County, MN is worth $297,246, up 2.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $247,668, so the area is 20.0% overvalued. It is a buyer's market: homes take about 52 days to sell, listings are up 32% from a year ago, 26% of listings have had a price cut. A household needs about $64,437 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 $81,839. Typical rent is $1,370 a month. In the latest IRS figures, 5 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
$297,246
Change in 1 year
+2.3%
Overvalued %
+20.0%
Show 6 more
Fair home value
$247,668
Change in 5 years
+25.3%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,611
Income needed to afford it
$64,437
Property tax rate
1.15%
Rent and investing
Typical rent
$1,370
Price-to-rent ratio
18.1×
HUD Fair Market Rent, 2 bedrooms
$1,073
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Gross rental yield
5.53%
Cap rate (estimate)
3.60%
Market activity
Listings vs a year ago
+32.5%
Days on market
52
Listings with a price cut
25.6%
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Homes for sale
106
Pending sales per 100 listings
26
Asking price per sq ft
$162
People and jobs
Median household income
$81,839
Population change (1 year)
−0.5%
Unemployment rate
3.3%
Show 4 more
Population
36,631
Income adjusted for cost of living
$95,272
Net moves in (IRS)
−5
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
46.6
Flood risk score
46.5
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Wildfire risk score
22.2
Walkability (1 to 20)
6.5
Road, rail and air noise
53 dB
Questions people ask
Is McLeod County, MN overvalued?
Home prices in McLeod County, MN are well above what local incomes have historically supported: fair value is about $247,668, so the area is 20.0% overvalued.
Is McLeod County, MN a buyer's or seller's market?
McLeod County, MN is a buyer's market: homes take about 52 days to sell, listings are up 32% from a year ago, 26% of listings have had a price cut.
Are home prices going down in McLeod County, MN?
Home values in McLeod County, MN are up 2.3% over the last year.
How much do you need to earn to buy a home in McLeod County, MN?
A household needs about $64,437 a year to afford the typical home in McLeod County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,839.