Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$445,711+2.8% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$96,621About 0.9× the local median income ($113,057): affordable for a typical household
Days on market38 daysAbout the same pace as a year ago
Next 12 months+1.6%Zillow expects prices to rise slightly
The typical home in Washington County, MN is worth $445,711, up 2.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $394,143, so the area is 13.1% overvalued. It is a buyer's market: homes take about 38 days to sell, listings are up 33% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 1.6% over the next year. A household needs about $96,621 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 $113,057. Typical rent is $2,000 a month, or $2,815 for a house. In the latest IRS figures, 1,981 more people moved in than out.
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
$445,711
Change in 1 year
+2.8%
Overvalued %
+13.1%
Show 7 more
Fair home value
$394,143
Change in 5 years
+12.9%
Zillow forecast, next 12 months
+1.6%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$2,416
Income needed to afford it
$96,621
Property tax rate
0.99%
Rent and investing
Typical rent
$2,000
Typical rent for houses
$2,815
Price-to-rent ratio
18.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,734
Gross rental yield
5.38%
Cap rate (estimate)
3.50%
Market activity
Listings vs a year ago
+33.2%
Days on market
38
Listings with a price cut
22.4%
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Homes for sale
894
Pending sales per 100 listings
31
Asking price per sq ft
$205
People and jobs
Median household income
$113,057
Population change (1 year)
+1.4%
Unemployment rate
3.4%
Show 4 more
Population
286,895
Income adjusted for cost of living
$107,879
Net moves in (IRS)
+1,981
Cost of living (US = 100)
104.8
Schools, risk and environment
School rating (1 to 10)
7.4
FEMA hazard risk score (0 to 100)
83.9
Unhealthy air days a year
0
Show 4 more
Flood risk score
83.5
Wildfire risk score
64.0
Walkability (1 to 20)
8.5
Road, rail and air noise
53 dB
Questions people ask
Is Washington County, MN overvalued?
Home prices in Washington County, MN are well above what local incomes have historically supported: fair value is about $394,143, so the area is 13.1% overvalued.
Is Washington County, MN a buyer's or seller's market?
Washington County, MN is a buyer's market: homes take about 38 days to sell, listings are up 33% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Washington County, MN?
Home values in Washington County, MN are up 2.8% over the last year. Zillow's forecast for the next 12 months is +1.6%.
How much do you need to earn to buy a home in Washington County, MN?
A household needs about $96,621 a year to afford the typical home in Washington County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $113,057.