The story of this market
The typical home in Rock County, Minnesota sells for about $224,000, or $139 per square foot.
Prices are down 25.2% from a year ago, which gives buyers more room to negotiate. Homes take about 40 days to sell. Over the long run, values in this county have grown 169% since 2000. The biggest natural hazard here is winter weather, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+25.5%). Worst: 2009 (-2.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,404
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 3 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
72
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $6,615,940.
Mortgage activity
Home lending in this county
86.1%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 302 | 163 | 86.1% | 9.5% | $165,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Rock County, Minnesota
The Rock County housing market is experiencing a correction with median prices declining year-over-year as inventory remains tight. While sales volume is low, the market is showing signs of stabilization as buyers adjust to current interest rate environments.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 7 cities · 9 ZIP reports
Median prices moved up 150.7% year over year.
Homes spend a median of 41 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.5% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 6 researched ZIP reports of 9 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Rock County, Minnesota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
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| 56116 | Beaver Creek | $215,000 | $142 | +2.4% | 68 | 97.2% | 12.5% | 4.2 | 14 | $980 | researched Sep 23 |
| 56127 | Dunnell | $165,000 | $61 | +170.3% | 37 | 98% | — | — | 5 | $850 | researched Sep 23 |
| 56134 | Hardwick | $295,000 | $132 | — | 66 | 96.6% | — | — | — | $663 | researched Sep 23 |
| 56138 | Hills | $223,400 | $112 | +5.7% | 66 | 100% | — | — | 8 | $962 | researched Sep 23 |
| 56156 | Luverne | $242,500 | $135 | -11% | 73 | 98% | — | — | 69 | $643 | researched Sep 23 |
| 56158 | Magnolia | $280,000 | $174 | +19.4% | 87 | 98% | — | 6 | 6 | $715 | researched Sep 23 |
| 56168 | Rushmore | $211,000 | $115 | +2.1% | 85 | 97.5% | 15% | 6.2 | 12 | $914 | researched Sep 23 |
| 56172 | Slayton | $185,000 | $115 | +2.4% | 68 | 97.5% | 15% | 4.2 | 12 | $717 | researched Sep 23 |
| 56173 | Steen | $171,000 | $115 | +2.4% | 92 | 98.5% | — | 4.2 | 3 | $1,042 | researched Sep 23 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Rock County maintains a low crime rate consistent with rural southwestern Minnesota, with incidents primarily limited to property-related offenses.
The county is served by local independent school districts that are generally characterized by small class sizes and strong community engagement.
The region faces standard Midwestern climate risks, including severe thunderstorms and occasional high-wind events, with flood risks primarily concentrated near local waterways.
The economy is anchored by agriculture and manufacturing, with the Rock County Economic Development Authority actively promoting local business expansion and infrastructure improvements.
Property taxes are assessed by the county based on market value, with rates determined by local levies from school districts, cities, and townships.
The economy is primarily driven by the agricultural sector, livestock production, and small-scale manufacturing.
The county is served by major highway corridors including Interstate 90, which provides critical east-west connectivity.
The county assessor's office conducts annual market value assessments based on property sales and physical inspections.
Parcels are subject to levies from the county, local school districts, and specific township or city municipal services.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common to the Great Plains.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Features unique quartzite cliffs, a bison herd, and extensive hiking trails that serve as a major regional attraction.
Preserves the architectural heritage of the county seat with various local shops and dining options.
Data retrieved from US Census Bureau QuickFacts and FRED.
applies when — Property containing a homestead subject to foreclosure
The mortgagor has the right to designate a portion of the property as a homestead to be sold and redeemed separately, provided it conforms to local zoning and is compact.
Minnesota Statutes 582.041
applies when — Parcels designated as condominium units
Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units.
Minnesota Statutes 515A.1-105
Allows non-judicial foreclosure. Requires notice of sale to be mailed to the mortgagor at least 14 days before the sale date and published in a newspaper. Mortgagors have specific redemption rights following the sale.
Minnesota Statutes Chapter 580
Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.25% for value exceeding $500,000.
2021 Classification Rate Table, Minnesota Department of Revenue
≈ $2,240/yr on a $224,000 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.