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Advertise here →Owatonna, MN · Houses & Market Data
Owatonna, Minnesota houses and real estate market data.
Houses in Owatonna, MN (Steele County) — Census median home value $234,600, county listing prices up about 5.0% over the past year. Market data for Owatonna houses and the broader area.
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Owatonna, MN is in Steele County, Minnesota — this guide covers houses in Owatonna and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 26,462, with a median household income of $81,276. Census data puts the median value of houses in Owatonna at $234,600.
Info from government sites and builders may have provided source info.
Market overview
Owatonna housing market
Owatonna is in Steele County, Minnesota. Manifest Census and county price-trend data provide baseline context for houses in Owatonna and the surrounding county market.
Median home value (Census ACS)
$234,600
Population (Census ACS)
26,462
Median household income
$81,276
County price trend (2025)
5.05% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Owatonna market snapshot
Population
26,462
County
Steele County
Median Household Income
$81,276
Median Home Value (city)
$234,600
Median Gross Rent
$1,010/mo
Price Trend (YoY)
+5.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Owatonna different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Owatonna's median home value — across all owner-occupied homes, not just recent sales — at $234,600.
County Price Trend
Steele County's FHFA house price index shows a 5.05% annual change in 2025.
Population & Income
Owatonna has an estimated population of 26,462 and a median household income of $81,276, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Owatonna's Census-reported median home value works out to about 2.9x the area's median household income, and median gross rent runs roughly 15% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Owatonna
County guide: Steele County — cities, market context, and local resources for the county that includes Owatonna.
USAHouses.com also helps visitors looking in nearby Steele County and other Minnesota communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Medford, Ellendale.
More Minnesota cities with market guides: Rochester, Bloomington, Duluth, Brooklyn Park, Plymouth, Woodbury, Lakeville, Blaine.
Rochester market data
Same-state city guide
Bloomington market data
Same-state city guide
Duluth market data
Same-state city guide
Brooklyn Park market data
Same-state city guide
Plymouth market data
Same-state city guide
Woodbury market data
Same-state city guide
Lakeville market data
Same-state city guide
Blaine market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Claremont (~12.1 mi), Waseca (~13.5 mi), Warsaw (~13.8 mi), Morristown (~14.0 mi), Faribault (~14.5 mi), West Concord (~17.0 mi), Blooming Prairie (~17.7 mi), New Richland (~18.9 mi), Geneva (~18.9 mi), Nerstrand (~19.2 mi), Dodge Center (~19.3 mi), Hollandale (~23.0 mi), Dundas (~23.2 mi), Clarks Grove (~23.2 mi), Hartland (~23.5 mi), Hayfield (~23.7 mi).
New construction: New homes near Owatonna (Minneapolis St Paul) · Minnesota new construction.
Census & home facts
Owatonna data from published sources
Population (ACS 2023)
26,462
Median home value (ACS 2023)
$234,600
Median household income (ACS 2023)
$81,276
Median gross rent (ACS 2023)
$1,010
County FHFA annual change (2025)
5.05%
Census place type
city
County
Steele County
Land area (Census Gazetteer 2024)
15.17 sq mi
Census GEOID
2749300
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Owatonna
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Cannon Ridge ↗
D.R. Horton · Dundas, Minnesota · ~23.9 mi · from $369,990
Boulder Heights ↗
Lennar · Elko New Market, Minnesota · ~31.9 mi · from $499,235
Enclave at Pebble Creek ↗
Lennar · Rochester, Minnesota · ~33.3 mi
Pebble Creek ↗
Lennar · Rochester, Minnesota · ~33.3 mi
Parkway Meadows ↗
M/I Homes · Elko New Market, Minnesota · ~34.0 mi · from $424,990
Local life
Life in Owatonna
Schools
OWATONNA PUBLIC SCHOOL DISTRICT — 14 schools, 4,926 students enrolled, per the U.S. Department of Education's Common Core of Data. Steele addresses may be served by OWATONNA PUBLIC SCHOOL DISTRICT, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Owatonna FAQ
What are houses worth in Owatonna, MN?
The Census Bureau's American Community Survey puts the median value of houses in Owatonna at $234,600.
How much do houses cost in Owatonna, MN?
For owner-occupied houses in Owatonna, Census ACS data shows a median value of $234,600. Active listing prices in Steele County may differ — see the market snapshot above.
What types of houses are in Owatonna, MN?
Owatonna houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Steele County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Owatonna, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Owatonna's population at approximately 26,462.
What's the median rent in Owatonna, MN?
The Census ACS estimates median gross rent in Owatonna at approximately $1,010 per month.
What is the median household income in Owatonna, MN?
Census ACS data puts the median household income in Owatonna at approximately $81,276.
Is the Owatonna housing market growing?
Steele County's FHFA house price index shows a 5.05% annual change in 2025.
Is Owatonna, MN affordable relative to income?
Census ACS data puts Owatonna's median home value at about 2.9 times the median household income, with median gross rent equal to roughly 15% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Owatonna, MN?
Manifest and public school-directory data suggest OWATONNA PUBLIC SCHOOL DISTRICT for many Owatonna addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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