Cost of Living in Freeborn County, Minnesota

$837/mo
Median Monthly Rent
$164,900
Median Home Value
9% below state averageUnaffordable

At a Glance

Median Monthly Rent
$837/mo
9% below state average
Median Home Value
$164,900
42% below national
Rent-to-Income Ratio
26.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Freeborn County Compares

Median monthly rent comparison

Freeborn County$837/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$837/mo
Median Gross Rent
$164,900
Median Home Value
$888/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Freeborn County, Minnesota

Freeborn County tracks Minnesota's state average

At 14.6%, Freeborn County's rent-to-income ratio nearly mirrors Minnesota's state average of 14.5%, with renters paying $837 monthly on a $69,012 median income. This alignment places Freeborn squarely within state norms for affordability, neither advantaged nor disadvantaged regionally.

Freeborn sits at Minnesota's affordability median

Freeborn County's 14.6% rent-to-income ratio closely matches Minnesota's 14.5% average, placing it in the middle tier of state counties surveyed. Its $837 median rent and $69,012 income are typical for southern Minnesota rural communities.

Freeborn outpaced by Fillmore and Dodge

Freeborn's 14.6% rent-to-income ratio trails nearby Fillmore (12.2%) and Dodge (13.0%), though it beats Faribault (15.6%) among southern Minnesota peers. The county's $837 rent is identical to Faribault's, but slightly lower incomes make affordability more stretched here.

14.6% of income goes to rent monthly

Renters allocate $837 monthly while homeowners spend $888 on a $69,012 median income, consuming 14.6% and 15.4% respectively. Both figures sit comfortably within the 30% affordability threshold, offering households reasonable flexibility for other expenses.

Freeborn offers solid, unremarkable stability

Freeborn County suits relocators seeking typical rural Minnesota affordability without standout advantages or drawbacks. Rent runs $837 and homeownership costs $888 monthly on a $69,012 income—middle-of-the-road housing costs with middle-of-the-road incomes.

Affordability Calculator

See how your income compares to housing costs in Freeborn County

$

Rent Burden

14.6%

of gross income

Max Housing (28% Rule)

$1,610

per month

Owner Cost Burden

15.4%

of gross income

You can likely afford the median home in Freeborn County

Median home value is $164,900. Estimated monthly cost: $1,316 vs. your max of $1,610.

Rent Affordability Guide

Your rent-to-income ratio14.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Freeborn County, Minnesota?
Freeborn County, Minnesota has a median monthly rent of $837/mo and a median home value of $164,900. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Freeborn County?
The median gross rent in Freeborn County is $837/mo. This is 9% below state average for Minnesota.
Is Freeborn County affordable?
Freeborn County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Freeborn County's rent compare to the state average?
Freeborn County's median rent of $837/mo is 9% below state average of $915/mo for Minnesota.
What is the median home value in Freeborn County?
The median home value in Freeborn County, Minnesota is $164,900. This is 42% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.