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Olmsted County

Learn about the people, housing, costs and businesses in Olmsted County County

Median Home$343,883
Median Rent$1,406/month
Population164,498
Leading IndustriesPublic Administration · Arts, Food & Hospitality48% public administration
Home Value Growth+7.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners71% of occupied units
NotableHighly Educated28% bachelor's · 12% graduate · top 4% nationally
NotableHigh Incomes$105k/year · top 5% nationally
Olmsted County
MN

Frequently Asked Questions

What are today's mortgage rates in Olmsted County?

As of today, the 30-year fixed mortgage rate for Olmsted County is approximately 7.026% (7.053% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Olmsted County?

The median home value in Olmsted County is $344k. The median monthly rent is $1,406. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olmsted County?

Home values in Olmsted County have increased 7.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Olmsted County?

Based on a typical all-in ownership cost of $1,472/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olmsted County is $105k/year.

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What industries drive the economy in Olmsted County?

The largest employment sectors in Olmsted County are public administration (48%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas