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Montevideo, MN
Full City Profile · Minnesota · Yellow Medicine County County
3.1
/5.0
B
Good
5,303
Population
1,126/sq mi density
$65,724
Median Income
$30,769 per capita
$137,600
Home Value
$205,184 Zillow
$832
Median Rent
34.8% income on rent
44°F
Avg Temperature
276 sunny days/yr
177
Violent Crime/100K
473 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$65,724 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$137,600 home value, $832/mo rent
F
Safety
1.0 / 5.0
177 violent crimes/100K
C+
Education
2.6 / 5.0
19.7% bachelor's degree or higher
Housing Overview
Median Home Value
$137,600
51% below
US avg: $281,900
Median Rent
$832/mo
28% below
US avg: $1,163/mo
Homeownership Rate
63.2%
3% below US avg (65.4%)
Total Housing Units
2,463
Median year built: 1958
Home Value by Source
Census Median
$137,600
Zillow (ZHVI)
$205,184
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.2%
Owner-Occupied
36.8%
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:
$832/mo
Affordability & Housing Stock
Rent Burden
34.8%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
63.2%
Complete Housing Data
Home Values
| Census Median Value | $137,600 |
| Zillow Home Value (ZHVI) | $205,184 |
Rent
| Census Median Rent | $832 |
| 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 | 63.2% |
| Renter-Occupied | 36.8% |
| Homeownership Rate | 63.2% |
| Total Housing Units | 2,463 |
| Median Year Built | 1958 |
| Rent Burden | 34.8% |