Owatonna Metro Area, MN Housing

The housing market in Owatonna, MN Metro Area is quite strong. The median value of a house in this area is $249,400, which is much lower than the US median house value of $338,100. Even though the median house value in Owatonna is lower than the national average, the one year appreciation rate for houses in this area is 7.61%, which is very close to the US one year appreciation rate of 8.27%. This indicates that the local housing market is experiencing growth and may be an attractive option for people looking to invest or purchase a home.

The median home cost in Owatonna Metro Area is $249,400. Home appreciation the last 10 years has been 91.1%. Home Appreciation in Owatonna Metro Area is up 12.1%.

Average Age of Homes

- The median age of Owatonna Metro Area real estate is 45 years old

The Rental Market in Owatonna Metro Area

- Renters make up 21.6% of the Owatonna Metro Area population
- 1.2% of houses and apartments in Owatonna Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Owatonna, Minnesota	United States
	15,663.0	139,647,020.0
	48	42
	$249,400	$338,100
	12.1%	16.6%
	47.4%	57.0%
	91.1%	101.1%
	$13.16	$10.98
	$2,437	$2,690
	73.3%	57.4%
	4.8%	11.2%
	21.9%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.2%	0.4%
	1.1%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	1.5%	2.4%
	1.7%	2.8%
	2.2%	3.9%
	2.9%	4.5%
	22.7%	11.3%
	22.8%	13.0%
	28.6%	20.1%
	9.6%	13.6%
	3.2%	8.3%
	1.6%	9.7%
	0.6%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.0%	13.6%
	13.0%	13.6%
	12.4%	13.6%
	8.3%	13.2%
	17.2%	14.8%
	12.4%	13.6%
	10.2%	10.0%
	3.9%	4.7%
	21.9%	12.2%

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