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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…

Data as of · by the Real Estate Price Map data team · methodology & sources

Steele County is cooling and overvalued — very affordable for what people here earn.

Momentum+3.3%Cooling
Valuation+12%Elevated
Affordability8/10Very affordable
Market38 daysBalanced

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

Typical value$300,5922026-05
1-year+3.3%
5-year+31.4%
10-year+91.7%
Since 2000n/a
Population37k2024
Median income$78,5002023 · 3.8× income
Median rent$1,155/mo2026 · 4.6% gross yield
New homes/yr282024
Price / sq ft$162listings
Days on market382026-06
Active listings862026-06
Price cuts17%of listings

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 →

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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?
The typical home in Steele County is worth $300,592 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Steele County rising or falling?
Prices are up +3.3% over the past year and n/a since 2000 — a balanced market.
Is Steele County affordable?
At 3.8× the local median income of $78,500, Steele County is pricier than the typical US county.
What is the rental yield in Steele County?
Median rent is $1,155/mo — a gross rental yield of 4.6% on the typical home.
How fast do homes sell in Steele County?
Homes here take a median of 38 days to sell, with 17% of listings cutting their asking price.
Median home value by year
YearMedian 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