Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$246,403+6.5% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$53,415About 0.8× the local median income ($70,123): affordable for a typical household
Days on market93 daysSlower than a year ago: buyers have time to negotiate
The typical home in Nobles County, MN is worth $246,403, up 6.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $220,957, so the area is 11.5% overvalued. It is a buyer's market: homes take about 93 days to sell, listings are up 37% from a year ago, 24% of listings have had a price cut. A household needs about $53,415 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 $70,123. In the latest IRS figures, 342 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
$246,403
Change in 1 year
+6.5%
Overvalued %
+11.5%
Show 6 more
Fair home value
$220,957
Change in 5 years
+26.4%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,335
Income needed to afford it
$53,415
Property tax rate
0.99%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,076
Market activity
Listings vs a year ago
+37.2%
Days on market
93
Listings with a price cut
23.5%
Show 3 more
Homes for sale
59
Pending sales per 100 listings
14
Asking price per sq ft
$149
People and jobs
Median household income
$70,123
Population change (1 year)
+0.4%
Unemployment rate
3.2%
Show 4 more
Population
22,338
Income adjusted for cost of living
$81,633
Net moves in (IRS)
−342
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
4.1
FEMA hazard risk score (0 to 100)
50.2
Flood risk score
48.5
Show 3 more
Wildfire risk score
20.0
Walkability (1 to 20)
6.3
Road, rail and air noise
52 dB
Questions people ask
Is Nobles County, MN overvalued?
Home prices in Nobles County, MN are well above what local incomes have historically supported: fair value is about $220,957, so the area is 11.5% overvalued.
Is Nobles County, MN a buyer's or seller's market?
Nobles County, MN is a buyer's market: homes take about 93 days to sell, listings are up 37% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Nobles County, MN?
Home values in Nobles County, MN are up 6.5% over the last year.
How much do you need to earn to buy a home in Nobles County, MN?
A household needs about $53,415 a year to afford the typical home in Nobles County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,123.