Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$259,153+2.5% 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$56,179About 0.7× the local median income ($79,832): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
The typical home in Waseca County, MN is worth $259,153, up 2.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $238,755, so the area is 8.5% overvalued. It is a buyer's market: homes take about 52 days to sell, listings are up 42% from a year ago, 24% of listings have had a price cut. A household needs about $56,179 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 $79,832. In the latest IRS figures, 135 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
$259,153
Change in 1 year
+2.5%
Overvalued %
+8.5%
Show 6 more
Fair home value
$238,755
Change in 5 years
+21.3%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,404
Income needed to afford it
$56,179
Property tax rate
1.18%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,030
Market activity
Listings vs a year ago
+41.9%
Days on market
52
Listings with a price cut
23.5%
Show 3 more
Homes for sale
44
Pending sales per 100 listings
34
Asking price per sq ft
$148
People and jobs
Median household income
$79,832
Population change (1 year)
+0.1%
Unemployment rate
2.5%
Show 4 more
Population
18,688
Income adjusted for cost of living
$92,936
Net moves in (IRS)
−135
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
24.7
Flood risk score
24.4
Show 3 more
Wildfire risk score
15.2
Walkability (1 to 20)
7.2
Road, rail and air noise
52 dB
Questions people ask
Is Waseca County, MN overvalued?
Home prices in Waseca County, MN are slightly above what local incomes have historically supported: fair value is about $238,755, so the area is 8.5% overvalued.
Is Waseca County, MN a buyer's or seller's market?
Waseca County, MN is a buyer's market: homes take about 52 days to sell, listings are up 42% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Waseca County, MN?
Home values in Waseca County, MN are up 2.5% over the last year.
How much do you need to earn to buy a home in Waseca County, MN?
A household needs about $56,179 a year to afford the typical home in Waseca County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,832.