Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 67,389 ↑ 0.4% since 2020 |
| Median Household Income | $82,792 11% above national median |
| Median Home Value | $298,500 |
| Unemployment Rate | 4.6% |
| Median Age | 37.1 years |
| Housing Vacancy Rate | 7.3% |
| Total Land Sales (Past 12 Months) | 33 transactions |
| Active Listings | 64 properties |
| Avg Days on Market | 556 days |
Rural Land Sales (1+ Acres) (Apr 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $14,821 |
| Recent Sales | 25 transactions |
| Avg Days on Market | 155 days |
| Avg Parcel Size | 30.60 acres |
| Active Listings | 37 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Feb 2026 | 23.90 | $235,000 | $9,833 | Kent Ave | Morristown |
| Jan 2026 | 80.59 | $920,000 | $11,416 | 14435 Groveland Trl | Lonsdale |
| Jan 2026 | 70.76 | $535,000 | $7,561 | Lake Ave | Kilkenny |
| Jan 2026 | 4.50 | $245,000 | $54,444 | 2XX Dalton Ave | Webster |
| Jan 2026 | 5.00 | $245,000 | $49,000 | 3XX Dalton Ave | Webster |
| Jan 2026 | 19.50 | $289,000 | $14,821 | 4300 270th St E | Medford |
| Dec 2025 | 1.48 | $15,000 | $10,135 | 1905 Hiersche Rd | Faribault |
| Dec 2025 | 42.40 | $305,000 | $7,193 | Kasota Trl | Kilkenny |
| Dec 2025 | 5.00 | $265,000 | $53,000 | 1XX E 280th St | Webster |
| Dec 2025 | 4.60 | $270,000 | $58,696 | 90th St E | Northfield |
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Dec 2025 | 23.00 | $231,000 | $10,043 | 260th St W | Morristown |
| Nov 2025 | 1.37 | $135,000 | $98,540 | Xx Southview Dr | Faribault |
| Oct 2025 | 38.90 | $329,900 | $8,481 | Highway 19/lonsdale Blvd | Northfield |
| Oct 2025 | 2.96 | $182,000 | $61,486 | 125th St W | Faribault |
| Oct 2025 | 1.78 | $225,000 | $126,404 | 901 Cannon Rd S | Dundas |
| Sep 2025 | 14.85 | $109,000 | $7,340 | 260th St E | Faribault |
| Sep 2025 | 5.00 | $180,000 | $36,000 | Davis Ave | Faribault |
| Aug 2025 | 3.90 | $89,000 | $22,821 | 17XX 9th Ave SW | Faribault |
| Aug 2025 | 67.50 | $1,000,000 | $14,815 | Acorn Trl | Faribault |
| Jul 2025 | 40.00 | $325,000 | $8,125 | Na Elmore Ave | Lonsdale |
| Jun 2025 | 1.25 | $67,500 | $54,000 | N/a Cedar | Faribault |
| May 2025 | 2.50 | $92,500 | $37,000 | Harris Trl | Morristown |
| May 2025 | 102.20 | $915,000 | $8,953 | State Highway 21 | Montgomery |
| May 2025 | 1.04 | $165,000 | $158,654 | 14800 Shields Lake Trl | Faribault |
| Apr 2025 | 201.00 | $1,373,940 | $6,836 | Fertile Ave | Lonsdale |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $50,000 |
| Recent Sales | 8 transactions |
| Avg Days on Market | 115 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 27 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Feb 2026 | 0.31 | $46,000 | 507 Harvest Ct SW | Lonsdale |
| Dec 2025 | 0.27 | $45,000 | 1411 Fairway Dr | Faribault |
| Nov 2025 | 0.90 | $95,000 | Xxxx Wells Lake Ct | Faribault |
| Nov 2025 | 0.50 | $20,000 | Geneva Ave | Faribault |
| Nov 2025 | 0.32 | $50,000 | 2013 Goldenray Dr | Faribault |
| Nov 2025 | 0.35 | $50,000 | 2009 Goldenray Dr | Faribault |
| Oct 2025 | 0.24 | $372,400 | 901 Harvest Dr SW | Lonsdale |
| Sep 2025 | 0.28 | $157,000 | 504 Ivanhoe Ave | Northfield |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 67,389 |
| Population (2020) | 67,097 |
| Population Growth | 0.44% |
| Median Household Income | $82,792 |
| Median Home Value | $298,500 |
| Total Housing Units | 25,173 |
| Vacant Housing Units | 1,828 |
| Housing Vacancy Rate | 7.3% |
| Median Age | 37.1 |
| Bachelor's Degree or Higher | 7,825 (11.6%) |
| Unemployment Rate | 4.6% |
Market Overview
Rice County, Minnesota has a population of 67,389, which has grown 0.44% since 2020. The median household income is $82,792, above the national median of $74,580 by 11.0%. The housing vacancy rate of 7.3% suggests balanced market conditions. As part of Minnesota, Rice County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $20,000 per acre, with properties averaging 28.00 acres. There are currently 64 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Rice County, Minnesota?
As of the 2023 American Community Survey, Rice County has a population of 67,389. The county has grown 0.44% since the 2020 Census, indicating a growing community.
What is the median household income in Rice County?
The median household income in Rice County is $82,792, which is 11.0% above the national median of $74,580.
Is Rice County growing or shrinking?
Rice County is growing. The population has increased 0.44% since 2020.
What is the housing market like in Rice County?
The median home value in Rice County is $298,500. The housing vacancy rate is 7.3%, which suggests balanced market conditions. The unemployment rate is 4.6%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $20,000 per acre. Suburban/urban lots under 1 acre have a median lot price of $60,000.
Does Reelvest buy land in Rice County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Rice County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.