Steele County, MN real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$245,400Median home value · Census

Property tax rate

1.21%Above state avg 1.02%Median bill $2,964/yr · Census

Median rent

$1,0612-bed $1,118Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Steele County, MN real estate at a glance

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

Homeowners in Steele County pay a median of $2,964 a year in property taxes on a median home value of $245,400, an effective rate of about 1.21%. The Minnesota average is 1.02%, which makes Steele County the #85 lowest-tax of 87 counties in the state with published tax data.

Renters pay a median of $1,061 a month, and $1,118 for a two-bedroom. At today's prices a typical home costs about 19 times a year's rent.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $245,000 home here comes to about $1,687 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $72,000 a year (the median household here earns $84,196).

Monthly payment on a typical home

$1,687/mo
  • Principal & interest$1,338
  • Property tax$247
  • Insurance (est.)$102

$245,000 home · 20% down · 7.24% 30-year fixed

Run your own numbers

Rents in Steele County by bedrooms

Studio$1,17413% above state
1 bedroom$76432% below state
2 bedrooms$1,11818% below state
3 bedrooms$1,4796% below state
4 bedrooms$1,38323% below state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Steele County's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

Other Minnesota counties

All Minnesota counties compared →

Real estate agent in Steele County?

We find motivated homeowners, qualify them, and book the call onto your calendar.

Book a discovery call

Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.