Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$312,313+3.0% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$67,703About 0.8× the local median income ($82,044): affordable for a typical household
Days on market56 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 Nicollet County, MN is worth $312,313, up 3.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $276,123, so the area is 13.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 56 days to sell, listings are up 25% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 3.4% over the next year. A household needs about $67,703 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 $82,044. Typical rent is $1,133 a month, or $1,673 for a house. In the latest IRS figures, 89 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
$312,313
Change in 1 year
+3.0%
Overvalued %
+13.1%
Show 7 more
Fair home value
$276,123
Change in 5 years
+25.1%
Zillow forecast, next 12 months
+3.4%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,693
Income needed to afford it
$67,703
Property tax rate
1.13%
Rent and investing
Typical rent
$1,133
Typical rent for houses
$1,673
Price-to-rent ratio
23.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,230
Gross rental yield
4.36%
Cap rate (estimate)
2.83%
Market activity
Listings vs a year ago
+24.7%
Days on market
56
Listings with a price cut
16.4%
Show 3 more
Homes for sale
91
Pending sales per 100 listings
33
Asking price per sq ft
$157
People and jobs
Median household income
$82,044
Population change (1 year)
+0.1%
Unemployment rate
2.2%
Show 4 more
Population
34,273
Income adjusted for cost of living
$90,158
Net moves in (IRS)
−89
Cost of living (US = 100)
91.0
Schools, risk and environment
School rating (1 to 10)
7.4
FEMA hazard risk score (0 to 100)
45.4
Flood risk score
50.3
Show 3 more
Wildfire risk score
17.3
Walkability (1 to 20)
6.7
Road, rail and air noise
54 dB
Questions people ask
Is Nicollet County, MN overvalued?
Home prices in Nicollet County, MN are well above what local incomes have historically supported: fair value is about $276,123, so the area is 13.1% overvalued.
Is Nicollet County, MN a buyer's or seller's market?
Nicollet County, MN is a balanced market, leaning toward buyers: homes take about 56 days to sell, listings are up 25% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Nicollet County, MN?
Home values in Nicollet County, MN are up 3.0% 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 Nicollet County, MN?
A household needs about $67,703 a year to afford the typical home in Nicollet County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $82,044.