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Steele County, MN Home Values and Rents
The typical home value in Steele County is $293,327, 36th highest of 87 counties in Minnesota. Median rent is $1,068 a month.
- Typical home value
- $293,327
- 36th of 87 in MN
- Median rent
- $1,068/mo
- Zillow observed rent
- Price change, 1 year
- +2.1%
- Sep 2026
- Homeownership
- 79.4%
- MN: 72.2%
Typical home value in Steele County
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Steele County |
|---|---|
| Sep 2026 | $293,327 |
| Dec 2025 | $291,318 |
| Dec 2024 | $281,156 |
| Dec 2023 | $266,667 |
| Dec 2022 | $255,152 |
| Dec 2021 | $242,445 |
| Dec 2020 | $209,816 |
| Dec 2019 | $190,911 |
| Dec 2018 | $180,976 |
| Dec 2017 | $170,768 |
| Dec 2016 | $161,619 |
| Dec 2015 | $151,115 |
| Dec 2014 | $145,105 |
| Dec 2013 | $139,903 |
| Dec 2012 | $133,437 |
Over five years, Steele County prices changed +23.2%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with Minnesota
- Median home value
- $245,400 · MN $329,300
- Median gross rent
- $1,061/mo · MN $1,280
- Home value to income
- 2.9 times the median household income ($84,196)
- Rent to income
- A year of median rent equals 15% of median household income
- Owner-occupied
- 79.4% of 15,138 households
- Housing units
- 15,995
- Vacancy rate
- 5.4%
- Median year built
- 1975
Fair Market Rents, FY2027
HUD rent standard for Steele County, MN
| Unit size | Monthly rent |
|---|---|
| Studio | $866 |
| 1 bedroom | $951 |
| 2 bedrooms | $1,244 |
| 3 bedrooms | $1,703 |
| 4 bedrooms | $1,814 |
Home values by city in Steele County
Median home value (ACS 2020-2024), places with 500+ residents
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| # | City or town | Population | Median value | Median rent |
|---|---|---|---|---|
| 1 | Medford | 1,257 | $249,600 | $1,175 |
| 2 | Owatonna | 26,498 | $245,200 | $1,067 |
| 3 | Blooming Prairie | 1,843 | $161,300 | $907 |
| 4 | Ellendale | 754 | $155,200 | $804 |
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
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Frequently asked questions
- What is the typical home value in Steele County, MN?
- The typical home value in Steele County is $293,327 (Zillow Home Value Index, Sep 2026). The Minnesota median is $329,300.
- How much is rent in Steele County?
- The median rent in Steele County is $1,068 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,244.
- Are home prices going up in Steele County?
- The typical home value in Steele County changed +2.1% over one year and +23.2% over five years, as of Sep 2026.
- How does Steele County compare with the rest of Minnesota?
- Steele County has the 36th highest median home value of 87 counties in Minnesota.
- Which ZIP code in Steele County has the highest home values?
- ZIP code 55060 has the highest median home value at $251,100, and 56046 has the lowest at $98,900.