Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 37,413 ↑ 0.0% since 2020 |
| Median Household Income | $83,448 12% above national median |
| Median Home Value | $234,200 |
| Unemployment Rate | 3.1% |
| Median Age | 40.2 years |
| Housing Vacancy Rate | 5.5% |
| Total Land Sales (Past 12 Months) | 17 transactions |
| Active Listings | 64 properties |
| Avg Days on Market | 477 days |
Rural Land Sales (1+ Acres) (Apr 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $41,754 |
| Recent Sales | 8 transactions |
| Avg Days on Market | 177 days |
| Avg Parcel Size | 3.73 acres |
| Active Listings | 10 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Jan 2026 | 1.46 | $80,000 | $54,795 | 2580 Harvest Ln | Owatonna |
| Jan 2026 | 4.79 | $200,000 | $41,754 | 8516 Cabot Ave | Medford |
| Oct 2025 | 5.00 | $150,000 | $30,000 | 6 E Rose St | Owatonna |
| Sep 2025 | 4.67 | $157,000 | $33,619 | Saint Paul Rd | Owatonna |
| Sep 2025 | 10.00 | $185,000 | $18,500 | SW 48th St | Owatonna |
| Aug 2025 | 1.41 | $27,500 | $19,504 | 705&707 Council Ct | Ellendale |
| Jun 2025 | 1.26 | $157,500 | $125,000 | 2265 Maple Leaf Ln NE | Owatonna |
| Apr 2025 | 1.23 | $150,000 | $121,951 | 1407 Mineral Springs Pkwy NE | Owatonna |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $40,000 |
| Recent Sales | 9 transactions |
| Avg Days on Market | 125 days |
| Avg Parcel Size | 0.38 acres |
| Active Listings | 54 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Feb 2026 | 0.46 | $45,000 | 2770 Timber Ridge Pl NE | Owatonna |
| Dec 2025 | 0.38 | $45,000 | 2829 Timber Ridge Dr NE | Owatonna |
| Dec 2025 | 0.79 | $29,900 | 906 Dutton Dr | Ellendale |
| Nov 2025 | 0.26 | $37,500 | 450 Stoneridge Ln NE | Owatonna |
| Nov 2025 | 0.36 | $95,000 | 2205 Maple Leaf Ln NE | Owatonna |
| Oct 2025 | 0.39 | $15,000 | 703 Simplicity Dr | Ellendale |
| Sep 2025 | 0.26 | $38,000 | 2990 Saint Paul Rd NE | Owatonna |
| Sep 2025 | 0.29 | $40,000 | 320 Stoneridge Ln NE | Owatonna |
| Sep 2025 | 0.26 | $40,000 | 350 Stoneridge Ln NE | Owatonna |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 37,413 |
| Population (2020) | 37,406 |
| Population Growth | 0.02% |
| Median Household Income | $83,448 |
| Median Home Value | $234,200 |
| Total Housing Units | 15,878 |
| Vacant Housing Units | 877 |
| Housing Vacancy Rate | 5.5% |
| Median Age | 40.2 |
| Bachelor's Degree or Higher | 5,199 (13.9%) |
| Unemployment Rate | 3.1% |
Market Overview
Steele County, Minnesota has a population of 37,413, which has grown 0.02% since 2020. The median household income is $83,448, above the national median of $74,580 by 11.9%. The housing vacancy rate of 5.5% suggests tight market conditions. As part of Minnesota, Steele County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $35,143 per acre, with properties averaging 21.70 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 Steele County, Minnesota?
As of the 2023 American Community Survey, Steele County has a population of 37,413. The county has grown 0.02% since the 2020 Census, indicating a growing community.
What is the median household income in Steele County?
The median household income in Steele County is $83,448, which is 11.9% above the national median of $74,580.
Is Steele County growing or shrinking?
Steele County is growing. The population has increased 0.02% since 2020.
What is the housing market like in Steele County?
The median home value in Steele County is $234,200. The housing vacancy rate is 5.5%, which suggests tight market conditions. The unemployment rate is 3.1%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $35,143 per acre. Suburban/urban lots under 1 acre have a median lot price of $45,000.
Does Reelvest buy land in Steele County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Steele 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.