Steele County, MN home prices
Steele County, MN: the typical home is worth $300,592 as of 2026-05, up +3.3% over the past year and n/a since 2000. Listings run about $162/sq ft. Rent…
Steele County is cooling and overvalued — very affordable for what people here earn.
Real Estate Price Map scores, derived from the data on this page · how we calculate them
1984: $80,872 → 2026: $300,592 (3.7×) pre-2000 estimated via FHFA index
Market read
At $300,592, homes in Steele County sit 10% above the Minnesota median ($272,151) and 28% above the US median ($233,954). That ranks #35 of 87 Minnesota counties by price.
Prices are holding steady (+3.3% in the last year) — a balanced market.
Homes here move at a steady pace — a median 38 days on the market, with 17% of listings cutting their asking price.
At 3.8× local income, that's pricier than the typical US county (~3.8×).
Against the typical US price-to-income and price-to-rent, homes here look ~12% expensive for local incomes and rents.
Renting looks cheaper — buying the typical home runs ~$1,484/mo (P&I, 20% down) vs $1,155/mo to rent.
Home value history
Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →
Nearby counties
Dodge County, MN ($331,564) · Waseca County, MN ($258,678) · Rice County, MN ($352,313) · Freeborn County, MN ($198,158) · Mower County, MN ($204,993) · Le Sueur County, MN ($359,226)
Frequently asked questions
What is the average home price in Steele County, MN?
Are home prices in Steele County rising or falling?
Is Steele County affordable?
What is the rental yield in Steele County?
How fast do homes sell in Steele County?
| Year | Median home value |
|---|---|
| 2009 | $149,677 |
| 2010 | $139,398 |
| 2011 | $136,089 |
| 2012 | $131,812 |
| 2013 | $136,357 |
| 2014 | $143,011 |
| 2015 | $147,955 |
| 2016 | $154,884 |
| 2017 | $165,998 |
| 2018 | $175,087 |
| 2019 | $185,541 |
| 2020 | $195,493 |
| 2021 | $216,506 |
| 2022 | $249,754 |
| 2023 | $260,144 |
| 2024 | $272,470 |
| 2025 | $288,436 |
| 2026 | $298,095 |