Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$253,192+5.9% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 19% have cut their price
Income needed to buy, per year$54,887About 0.7× the local median income ($75,047): affordable for a typical household
Days on market80 daysAbout the same pace as a year ago
Next 12 months+4.4%Zillow expects prices to rise strongly
The typical home in Polk County, MN is worth $253,192, up 5.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $242,607, so the area is 4.4% overvalued. It is a seller's market: homes take about 80 days to sell, listings are down 5% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 4.4% over the next year. A household needs about $54,887 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 $75,047. Typical rent is $1,014 a month, or $1,443 for a house. In the latest IRS figures, 209 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
$253,192
Change in 1 year
+5.9%
Overvalued %
+4.4%
Show 7 more
Fair home value
$242,607
Change in 5 years
+26.5%
Zillow forecast, next 12 months
+4.4%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,372
Income needed to afford it
$54,887
Property tax rate
1.01%
Rent and investing
Typical rent
$1,014
Typical rent for houses
$1,443
Price-to-rent ratio
20.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,014
Gross rental yield
4.81%
Cap rate (estimate)
3.12%
Market activity
Listings vs a year ago
−4.9%
Days on market
80
Listings with a price cut
19.3%
Show 3 more
Homes for sale
98
Pending sales per 100 listings
39
Asking price per sq ft
$125
People and jobs
Median household income
$75,047
Population change (1 year)
−0.4%
Unemployment rate
3.6%
Show 4 more
Population
30,545
Income adjusted for cost of living
$86,559
Net moves in (IRS)
−209
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
67.0
Flood risk score
69.8
Show 3 more
Wildfire risk score
83.4
Walkability (1 to 20)
7.6
Road, rail and air noise
52 dB
Questions people ask
Is Polk County, MN overvalued?
Home prices in Polk County, MN are slightly above what local incomes have historically supported: fair value is about $242,607, so the area is 4.4% overvalued.
Is Polk County, MN a buyer's or seller's market?
Polk County, MN is a seller's market: homes take about 80 days to sell, listings are down 5% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Polk County, MN?
Home values in Polk County, MN are up 5.9% over the last year. Zillow's forecast for the next 12 months is +4.4%.
How much do you need to earn to buy a home in Polk County, MN?
A household needs about $54,887 a year to afford the typical home in Polk County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,047.