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Montevideo, MN Home Values and Rents
The typical home value in Montevideo is $210,874, 321st highest of 363 cities and towns in Minnesota. Median rent is $851 a month.
- Typical home value
- $210,874
- 321st of 363 in MN
- Median rent
- $851/mo
- ACS 2020-2024
- Price change, 1 year
- +6.2%
- Sep 2026
- Homeownership
- 65.2%
- MN: 72.2%
Typical home value in Montevideo
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Montevideo |
|---|---|
| Sep 2026 | $210,874 |
| Dec 2025 | $204,400 |
| Dec 2024 | $194,775 |
| Dec 2023 | $182,690 |
| Dec 2022 | $177,925 |
| Dec 2021 | $165,549 |
| Dec 2020 | $141,289 |
| Dec 2019 | $128,778 |
| Dec 2018 | $117,513 |
| Dec 2017 | $115,828 |
| Dec 2016 | $110,629 |
| Dec 2015 | $109,393 |
| Dec 2014 | $103,247 |
| Dec 2013 | $101,802 |
| Dec 2012 | $101,229 |
Over five years, Montevideo prices changed +30.8%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Chippewa County, MN
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $706 | +5.2% |
| 1 bedroom | $784 | +1.6% |
| 2 bedrooms | $1,014 | +4.2% |
| 3 bedrooms | $1,404 | +3.8% |
| 4 bedrooms | $1,443 | +4.4% |
Frequently asked questions
- What is the typical home value in Montevideo, MN?
- The typical home value in Montevideo is $210,874 (Zillow Home Value Index, Sep 2026). The Minnesota median is $329,300.
- How much is rent in Montevideo?
- The median rent in Montevideo is $851 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
- Are home prices going up in Montevideo?
- The typical home value in Montevideo changed +6.2% over one year and +30.8% over five years, as of Sep 2026.
- How does Montevideo compare with the rest of Minnesota?
- Montevideo has the 321st highest median home value of 363 cities and towns with 1,000+ residents in Minnesota.