Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$310,038+2.4% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$67,210About 0.9× the local median income ($76,793): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.7%Zillow expects prices to rise slightly
The typical home in Stearns County, MN is worth $310,038, up 2.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $260,837, so the area is 18.9% overvalued. It is a buyer's market: homes take about 52 days to sell, listings are up 37% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $67,210 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 $76,793. Typical rent is $1,259 a month, or $1,753 for a house. In the latest IRS figures, 549 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
$310,038
Change in 1 year
+2.4%
Overvalued %
+18.9%
Show 7 more
Fair home value
$260,837
Change in 5 years
+23.7%
Zillow forecast, next 12 months
+3.7%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,680
Income needed to afford it
$67,210
Property tax rate
1.00%
Rent and investing
Typical rent
$1,259
Typical rent for houses
$1,753
Price-to-rent ratio
20.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,233
Gross rental yield
4.87%
Cap rate (estimate)
3.17%
Market activity
Listings vs a year ago
+37.3%
Days on market
52
Listings with a price cut
24.3%
Show 3 more
Homes for sale
504
Pending sales per 100 listings
24
Asking price per sq ft
$162
People and jobs
Median household income
$76,793
Population change (1 year)
+0.6%
Unemployment rate
4.1%
Show 4 more
Population
164,110
Income adjusted for cost of living
$87,663
Net moves in (IRS)
−549
Cost of living (US = 100)
87.6
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
87.6
Unhealthy air days a year
11
Show 4 more
Flood risk score
90.9
Wildfire risk score
76.3
Walkability (1 to 20)
7.3
Road, rail and air noise
52 dB
Questions people ask
Is Stearns County, MN overvalued?
Home prices in Stearns County, MN are well above what local incomes have historically supported: fair value is about $260,837, so the area is 18.9% overvalued.
Is Stearns County, MN a buyer's or seller's market?
Stearns County, MN is a buyer's market: homes take about 52 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 Stearns County, MN?
Home values in Stearns County, MN are up 2.4% over the last year. Zillow's forecast for the next 12 months is +3.7%.
How much do you need to earn to buy a home in Stearns County, MN?
A household needs about $67,210 a year to afford the typical home in Stearns County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,793.