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Owatonna, MN
Full City Profile · Minnesota · Steele County County
3.5
/5.0
B+
Good
26,462
Population
1,744/sq mi density
$81,276
Median Income
$41,718 per capita
$234,600
Home Value
$289,821 Zillow
$1,010
Median Rent
34.7% income on rent
45°F
Avg Temperature
270 sunny days/yr
105
Violent Crime/100K
1,563 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$81,276 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$234,600 home value, $1,010/mo rent
F
Safety
1.0 / 5.0
105 violent crimes/100K
B+
Education
3.6 / 5.0
32.3% bachelor's degree or higher
Housing Overview
Median Home Value
$234,600
17% below
US avg: $281,900
Median Rent
$1,010/mo
13% below
US avg: $1,163/mo
Homeownership Rate
76.7%
17% above US avg (65.4%)
Total Housing Units
11,297
Median year built: 1976
Home Value by Source
Census Median
$234,600
Zillow (ZHVI)
$289,821
Median Sale Price
$281,152
Median List Price
$289,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.7%
Owner-Occupied
23.3%
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:
$1,010/mo
· Zillow rent:
$1,142/mo
Market Indicators (Redfin)
Median Days on Market
36 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
15
Price Drops
19.2%
of listings with price reduction
Price Per Sq Ft
$159
Active Inventory
52
homes for sale
Affordability & Housing Stock
Rent Burden
34.7%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
76.7%
Complete Housing Data
Home Values
| Census Median Value | $234,600 |
| Zillow Home Value (ZHVI) | $289,821 |
| Median Sale Price | $281,152 |
| Median List Price | $289,900 |
| Price Per Sq Ft | $159 |
Rent
| Census Median Rent | $1,010 |
| Zillow Rent (ZORI) | $1,142 |
| 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 | 36 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 19.2% |
| Homes Sold | 15 |
| Active Inventory | 52 |
| Price Per Sq Ft | $159 |
Ownership & Stock
| Owner-Occupied | 76.7% |
| Renter-Occupied | 23.3% |
| Homeownership Rate | 76.7% |
| Total Housing Units | 11,297 |
| Median Year Built | 1976 |
| Rent Burden | 34.7% |