All Countries
Karlstad, MN
Full City Profile · Minnesota · Marshall County County
4.4
/5.0
A
Great
622
Population
415/sq mi density
$61,324
Median Income
$32,006 per capita
$120,300
Home Value
$167,638 Zillow
$650
Median Rent
20.0% income on rent
39°F
Avg Temperature
269 sunny days/yr
A
Overall
4.4 / 5.0
Strong
A
Economy
4.2 / 5.0
$61,324 median income, 0.4% unemployment
A+
Affordability
5.0 / 5.0
$120,300 home value, $650/mo rent
B+
Education
3.9 / 5.0
36.7% bachelor's degree or higher
Housing Overview
Median Home Value
$120,300
57% below
US avg: $281,900
Median Rent
$650/mo
44% below
US avg: $1,163/mo
Homeownership Rate
69.6%
6% above US avg (65.4%)
Total Housing Units
370
Median year built: 1966
Home Value by Source
Census Median
$120,300
Zillow (ZHVI)
$167,638
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.6%
Owner-Occupied
30.4%
Renter-Occupied
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:
$650/mo
Affordability & Housing Stock
Rent Burden
20.0%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
69.6%
Complete Housing Data
Home Values
| Census Median Value | $120,300 |
| Zillow Home Value (ZHVI) | $167,638 |
Rent
| Census Median Rent | $650 |
| 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-Occupied | 69.6% |
| Renter-Occupied | 30.4% |
| Homeownership Rate | 69.6% |
| Total Housing Units | 370 |
| Median Year Built | 1966 |
| Rent Burden | 20.0% |