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Grand Meadow, MN

Full City Profile · Minnesota · Mower County County

3.4 /5.0
B Good
954 Population 1,403/sq mi density
$68,750 Median Income $46,872 per capita
$169,100 Home Value $256,305 Zillow
$498 Median Rent 24.0% income on rent
43°F Avg Temperature 260 sunny days/yr
184 Violent Crime/100K 1,990 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$68,750 median income, 0.5% unemployment
A+
Affordability
5.0 / 5.0
$169,100 home value, $498/mo rent
F
Safety
1.0 / 5.0
184 violent crimes/100K
B
Education
3.3 / 5.0
28.5% bachelor's degree or higher

Housing Overview

Median Home Value
$169,100
40% below
US avg: $281,900
Median Rent
$498/mo
57% below
US avg: $1,163/mo
Homeownership Rate
85.6%
31% above US avg (65.4%)
Total Housing Units
448
Median year built: 1973

Home Value by Source

Census Median
$169,100
Zillow (ZHVI)
$256,305
Median Sale Price
$132,000
Median List Price
$176,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

85.6%
Owner-Occupied
14.4%
Renter-Occupied
86%
14%
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: $498/mo

Market Indicators (Redfin)

Median Days on Market
7 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$104
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
24.0%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
85.6%

Complete Housing Data

Home Values

Census Median Value$169,100
Zillow Home Value (ZHVI)$256,305
Median Sale Price$132,000
Median List Price$176,950
Price Per Sq Ft$104

Rent

Census Median Rent$498
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market7
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold1
Active Inventory3
Price Per Sq Ft$104

Ownership & Stock

Owner-Occupied85.6%
Renter-Occupied14.4%
Homeownership Rate85.6%
Total Housing Units448
Median Year Built1973
Rent Burden24.0%