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Northfield, MN
Full City Profile · Minnesota · Rice County County
3.9
/5.0
B+
Good
20,678
Population
2,421/sq mi density
$92,000
Median Income
$37,147 per capita
$305,300
Home Value
$379,668 Zillow
$1,036
Median Rent
24.0% income on rent
45°F
Avg Temperature
270 sunny days/yr
58
Violent Crime/100K
734 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$92,000 median income, 3.1% unemployment
A+
Affordability
4.8 / 5.0
$305,300 home value, $1,036/mo rent
F
Safety
1.0 / 5.0
58 violent crimes/100K
A+
Education
5.0 / 5.0
51.5% bachelor's degree or higher
Housing Overview
Median Home Value
$305,300
8% above
US avg: $281,900
Median Rent
$1,036/mo
11% below
US avg: $1,163/mo
Homeownership Rate
69.8%
7% above US avg (65.4%)
Total Housing Units
6,723
Median year built: 1982
Home Value by Source
Census Median
$305,300
Zillow (ZHVI)
$379,668
Median Sale Price
$364,000
Median List Price
$429,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.8%
Owner-Occupied
30.2%
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:
$1,036/mo
· Zillow rent:
$1,726/mo
Market Indicators (Redfin)
Median Days on Market
75 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
19.2%
of listings with price reduction
Price Per Sq Ft
$174
Active Inventory
47
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
1982
Average age of housing stock: 44 years
Homeownership Rate
69.8%
Complete Housing Data
Home Values
| Census Median Value | $305,300 |
| Zillow Home Value (ZHVI) | $379,668 |
| Median Sale Price | $364,000 |
| Median List Price | $429,000 |
| Price Per Sq Ft | $174 |
Rent
| Census Median Rent | $1,036 |
| Zillow Rent (ZORI) | $1,726 |
| 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 Market | 75 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 19.2% |
| Homes Sold | 13 |
| Active Inventory | 47 |
| Price Per Sq Ft | $174 |
Ownership & Stock
| Owner-Occupied | 69.8% |
| Renter-Occupied | 30.2% |
| Homeownership Rate | 69.8% |
| Total Housing Units | 6,723 |
| Median Year Built | 1982 |
| Rent Burden | 24.0% |