Owatonna, MN Housing Market

Market data powered by Zillow Research. Last updated: 2026-04-02

Owatonna, MN is showing healthy, moderate growth.

  • •Steady price growth of 3.2% year-over-year — a balanced market.
  • •Price-to-rent ratio: 21.3 — renting may be more affordable in the near term.

Median Home Value

$287,943

ZHVI

Year-over-Year

+3.2%

Price change

5-Year Change

+36.7%

Since 2021

Median Rent

$1,128/mo

ZORI

Active Listings

94

For sale

State Avg

$341,308

Minnesota

Home Value Trends

5-year Zillow Home Value Index for Owatonna, MN vs. state and national averages.

Rent Data

Median Rent

$1,128/mo

Rent YoY Change

0%

Rent vs. Buy Calculator

Other Markets in Minnesota

Minneapolis, MN$380,652Brainerd, MN$343,336Faribault, MN$340,367Alexandria, MN$332,387Rochester, MN$330,237Red Wing, MN$317,226
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.