Dakota County, MN real estate

What the numbers say

Dakota County, MN real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Dakota County listed for $415,000, down 7.8% from a year earlier. That is 9% above the Minnesota median of $379,900.

Homes spent a median of 40 days on the market, slower than 36 days a year ago. That makes Dakota County the #4 fastest-selling of 20 Minnesota counties we track.

Homeowners in Dakota County pay a median of $3,749 a year in property taxes on a median home value of $381,000, an effective rate of about 0.98%. The Minnesota average is 1.02%, which makes Dakota County the #43 lowest-tax of 87 counties in the state with published tax data.

Renters pay a median of $1,548 a month, and $1,613 for a two-bedroom. At today's prices a typical home costs about 22 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $415,000 home here comes to about $2,776 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $119,000 a year (the median household here earns $106,318).