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Canby, MN

Full City Profile · Minnesota · Lac qui Parle County County

3.8 /5.0
B+ Good
1,563 Population 698/sq mi density
$58,839 Median Income $33,072 per capita
$131,800 Home Value $186,773 Zillow
$600 Median Rent 21.3% income on rent
45°F Avg Temperature 276 sunny days/yr
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$58,839 median income, 3.4% unemployment
A+
Affordability
5.0 / 5.0
$131,800 home value, $600/mo rent
C
Education
2.4 / 5.0
17.4% bachelor's degree or higher

Housing Overview

Median Home Value
$131,800
53% below
US avg: $281,900
Median Rent
$600/mo
48% below
US avg: $1,163/mo
Homeownership Rate
82.7%
26% above US avg (65.4%)
Total Housing Units
799
Median year built: 1963

Home Value by Source

Census Median
$131,800
Zillow (ZHVI)
$186,773
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

82.7%
Owner-Occupied
17.3%
Renter-Occupied
83%
17%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $600/mo

Affordability & Housing Stock

Rent Burden
21.3%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
82.7%

Complete Housing Data

Home Values

Census Median Value$131,800
Zillow Home Value (ZHVI)$186,773

Rent

Census Median Rent$600
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Ownership & Stock

Owner-Occupied82.7%
Renter-Occupied17.3%
Homeownership Rate82.7%
Total Housing Units799
Median Year Built1963
Rent Burden21.3%