State rental market reference · Data updated October 18, 2026
Minnesota rental market for DSCR investors: rent, taxes and insurance by county
What a rental in Minnesota rents for, what it costs to carry, and whether it stays rented, from official data for all 87 counties. Read it before you price a deal here.
Minnesota at a glance
What does a rental rent for?
$1,734 a month
HUD's FY2027 2-bedroom Fair Market Rent where most of Minnesota's renters live, from $1,014 (Polk County) to $1,734 (Isanti County). It is the government figure for a modest 2-bedroom unit, utilities included, not the rent for a house.
What will property taxes cost?
1.02% of value a year
Homeowners in Minnesota pay a median $3,357 a year on a median home value of $329,300 (Census ACS 2020–2024). A rental can be taxed at a different rate than an owner's home; the local tax bill is the real number.
What will insurance cost?
$1,570 a year
The median that homeowners with a mortgage in Minnesota report paying for homeowners insurance (Census ACS 2020–2024). It is not a landlord quote: a rental policy usually costs more, and flood cover is extra.
Will it stay rented?
5.3% rental vacancy
Share of Minnesota's rental homes vacant and for rent (Census ACS 2020–2024), across 641,268 renter households. Lower means rentals fill faster.
Are jobs growing?
Employment down 2.5% in a year
Employed residents in August 2026 against a year earlier; unemployment 4.8% (BLS, not seasonally adjusted, so compare the same month a year apart).
Is new supply coming?
20,947 homes permitted in 2025
About 9.1 new homes per 1,000 households; 62% single-family (Census Building Permits Survey). More new homes means more competition for tenants and buyers.
How often does it flood?
3,111 flood claims since 2005
National Flood Insurance Program claims on properties in Minnesota since 2005, $51.2 million paid (FEMA). Claims show where water has reached insured buildings; they are not a flood map, so check the FEMA flood zone for the address.
What it means for a DSCR rental in Minnesota
A lender's DSCR is the monthly rent divided by the full monthly payment: principal, interest, property taxes, insurance and any HOA dues. Many lenders accept 1.00x; 1.20x leaves a cushion.
Take a home at Minnesota's median value of $329,300, bought with 25% down on a 7.5% 30-year loan, with the state's typical tax rate and insurance:
- Principal and interest ($246,975 loan)
- $1,727
- Property taxes
- $280
- Insurance
- $131
- Full monthly payment
- $2,138
- Rent for a 1.20x DSCR
- $2,570 a month
The government 2-bedroom figure where most of Minnesota's renters live is $1,734 a month, below the $2,570 that home needs. A house usually rents for more than a 2-bedroom unit, so price the house you are looking at with its own rent. The last column of the table below gives the same figure for each county.
Rules and costs a landlord faces in Minnesota
Each line quotes the official source it comes from and the date it was last checked. These are general rules, not legal advice; local rules can add to them.
- How long before you can file to evict for unpaid rent?
14 calendar days' notice for unpaid rent before an eviction can be filed.
Your landlord can file an eviction case if you do not pay the total amount due or move out within 14 days from the date of this notice.
Office of the Revisor of Statutes, checked October 18, 2026
- Can rents be capped?
State law bars cities and counties from capping rents.
No statutory or home rule charter city, county, or town may adopt or renew by ordinance or otherwise any law to control rents on private residential property except as provided in subdivision 2.
Office of the Revisor of Statutes, checked October 18, 2026
- Is a rental taxed like the owner's home?
A rental does not get the owner's homestead benefit.
In most cases, an owner cannot rent out their property to another person and still retain homestead status.
Minnesota Department of Revenue, checked October 18, 2026
- Where do you insure when private insurers decline?
Minnesota FAIR Plan.
to provide for an organization known as the Minnesota FAIR plan, which will assure fair access to insurance requirements in order that no property is denied property or liability insurance through the FAIR plan
Minnesota Legislature, Office of the Revisor of Statutes (Minn. Stat. § 65A.32), checked October 18, 2026
Market hubs in Minnesota
DSCRInfo does not publish a monthly market hub in Minnesota yet. The figures above and the table below cover every county; the market hubs cover other states.
Minnesota by county
All 87 counties, most renter households first. "Rent for 1.20x" is the monthly rent a home at that county's median value needs on the example loan above. A dash means the source publishes no reliable figure there.
| County | 2-bed FMR | Property tax | Insurance / yr | Rental vacancy | Jobs, 1 yr | Permits | Flood claims | Rent for 1.20x |
|---|---|---|---|---|---|---|---|---|
| Hennepin County | $1,734 | 1.14% | $1,700 | 5.9% | -2.3% | 3,491 | 207 | $3,090 |
| Ramsey County | $1,734 | 1.21% | $1,590 | 6.1% | -2.2% | 708 | 61 | $2,610 |
| Dakota County | $1,734 | 0.98% | $1,640 | 3.8% | -2.1% | 2,330 | 92 | $2,930 |
| Anoka County | $1,734 | 0.94% | $1,600 | 3.9% | -2.2% | 774 | 44 | $2,670 |
| St. Louis County | $1,207 | 1.03% | $1,360 | 4.4% | -3.5% | 412 | 85 | $1,760 |
| Washington County | $1,734 | 0.99% | $1,740 | 5.3% | -2.2% | 2,382 | 136 | $3,250 |
| Stearns County | $1,233 | 1.00% | $1,490 | 5.1% | -4.0% | 648 | 51 | $2,140 |
| Olmsted County | $1,422 | 1.06% | $1,500 | 7.1% | -3.4% | 542 | 52 | $2,590 |
| Blue Earth County | $1,230 | 0.98% | $1,440 | 5.7% | +0.2% | 274 | 58 | $2,080 |
| Clay County | $1,104 | 1.13% | $1,400 | 5.2% | -2.6% | 344 | 528 | $2,110 |
| Scott County | $1,734 | 1.01% | $1,700 | 3.1% | -2.1% | 883 | 45 | $3,230 |
| Wright County | $1,734 | 0.98% | $1,710 | 2.8% | -2.2% | 1,156 | 38 | $2,780 |
| Carver County | $1,734 | 0.99% | $1,900 | 2.6% | -2.1% | 960 | 19 | $3,490 |
| Crow Wing County | $1,172 | 0.74% | $1,460 | 1.5% | -3.0% | 625 | 10 | $2,300 |
| Winona County | $1,118 | 0.93% | $1,300 | 5.1% | -4.5% | 42 | 72 | $1,830 |
| Sherburne County | $1,734 | 0.99% | $1,670 | 2.2% | -2.1% | 319 | 23 | $2,800 |
| Rice County | $1,226 | 0.97% | $1,630 | 4.7% | -2.0% | 100 | 63 | $2,490 |
| Benton County | $1,233 | 0.98% | $1,500 | 1.2% | -4.2% | 139 | 3 | $2,120 |
| Beltrami County | $1,230 | 0.97% | $1,330 | 4.1% | -2.7% | 168 | 2 | $1,860 |
| Otter Tail County | $1,071 | 0.77% | $1,420 | 5.6% | -3.7% | 72 | 79 | $2,070 |
| Kandiyohi County | $1,026 | 1.02% | $1,500 | 2.8% | -3.2% | 73 | 8 | $1,930 |
| Goodhue County | $1,172 | 1.05% | $1,630 | 3.5% | -2.5% | 84 | 82 | $2,260 |
| Douglas County | $1,027 | 0.83% | $1,530 | 5.9% | -3.1% | 319 | 9 | $2,440 |
| Nicollet County | $1,230 | 1.13% | $1,440 | 3.4% | +0.1% | 82 | 25 | $2,150 |
| Polk County | $1,014 | 1.01% | $1,390 | 9.3% | -2.7% | 42 | 85 | $1,770 |
Show the other 62 counties
| County | 2-bed FMR | Property tax | Insurance / yr | Rental vacancy | Jobs, 1 yr | Permits | Flood claims | Rent for 1.20x |
|---|---|---|---|---|---|---|---|---|
| Mower County | $1,080 | 1.03% | $1,320 | 9.0% | -3.0% | 136 | 84 | $1,490 |
| McLeod County | $1,073 | 1.15% | $1,400 | 5.9% | -2.7% | 206 | 11 | $1,970 |
| Becker County | $1,105 | 0.69% | $1,420 | 4.3% | -2.4% | 182 | 5 | $2,170 |
| Itasca County | $1,164 | 0.86% | $1,340 | 5.4% | -2.4% | 249 | 4 | $1,740 |
| Steele County | $1,244 | 1.21% | $1,610 | 4.9% | -3.9% | 54 | 76 | $2,000 |
| Chisago County | $1,734 | 1.07% | $1,740 | 6.0% | -2.3% | 240 | 8 | $2,770 |
| Carlton County | $1,207 | 1.17% | $1,390 | 2.3% | -3.5% | 155 | 14 | $1,970 |
| Lyon County | $1,014 | 1.06% | $1,510 | 8.8% | -4.6% | 23 | 14 | $1,630 |
| Martin County | $1,014 | 1.02% | $1,370 | 4.9% | -1.4% | 13 | 0 | $1,330 |
| Morrison County | $1,014 | 0.88% | $1,430 | 1.2% | -3.8% | 156 | 37 | $1,930 |
| Isanti County | $1,734 | 1.01% | $1,630 | 0.3% | -2.5% | 276 | 10 | $2,400 |
| Freeborn County | $1,033 | 1.11% | $1,360 | 5.6% | -3.4% | 13 | 16 | $1,400 |
| Mille Lacs County | $1,124 | 1.04% | $1,430 | 5.9% | -2.3% | 103 | 8 | $2,040 |
| Brown County | $1,071 | 1.03% | $1,340 | 2.2% | -3.1% | 33 | 10 | $1,530 |
| Pine County | $1,096 | 0.86% | $1,390 | 1.1% | -3.2% | 213 | 48 | $1,850 |
| Le Sueur County | $1,098 | 1.06% | $1,750 | 2.8% | -2.4% | 67 | 69 | $2,500 |
| Nobles County | $1,076 | 0.99% | $1,300 | 5.9% | -3.0% | 94 | 52 | $1,570 |
| Meeker County | $1,089 | 0.90% | $1,560 | 1.5% | -2.2% | 48 | 2 | $1,950 |
| Cass County | $1,014 | 0.56% | $1,310 | 4.1% | -4.5% | 271 | 7 | $2,110 |
| Todd County | $1,025 | 0.95% | $1,360 | 4.2% | -2.9% | 84 | 6 | $1,640 |
| Pennington County | $1,142 | 1.26% | $1,210 | 4.5% | -6.0% | 1 | 6 | $1,600 |
| Wadena County | $1,059 | 1.04% | $1,370 | 1.3% | -3.7% | 82 | 7 | $1,410 |
| Wabasha County | $1,014 | 1.05% | $1,490 | 5.2% | -3.4% | 51 | 76 | $2,090 |
| Fillmore County | $1,014 | 0.94% | $1,370 | 6.6% | -3.3% | 58 | 47 | $1,740 |
| Hubbard County | $1,020 | 0.78% | $1,420 | 5.2% | -3.1% | 25 | 2 | $2,140 |
| Waseca County | $1,030 | 1.18% | $1,530 | 7.1% | -3.3% | 62 | 7 | $1,800 |
| Stevens County | $1,027 | 0.81% | $1,390 | 0.8% | -4.1% | 74 | 0 | $1,580 |
| Chippewa County | $1,014 | 1.10% | $1,440 | 3.6% | -4.2% | 11 | 25 | $1,300 |
| Redwood County | $1,014 | 1.00% | $1,340 | 12.9% | -3.1% | 7 | 1 | $1,290 |
| Houston County | $1,343 | 1.15% | $1,430 | 4.5% | -2.0% | 37 | 23 | $1,920 |
| Roseau County | $1,014 | 0.97% | $1,280 | 8.0% | -4.3% | 21 | 2 | $1,460 |
| Faribault County | $1,014 | 0.99% | $1,330 | 1.5% | -3.6% | 6 | 10 | $1,120 |
| Renville County | $1,014 | 1.04% | $1,550 | 12.6% | -3.5% | 10 | 4 | $1,350 |
| Cottonwood County | $1,014 | 1.05% | $1,590 | 5.1% | -3.1% | 10 | 41 | $1,400 |
| Koochiching County | $1,014 | 0.74% | $1,260 | 1.5% | -5.1% | 33 | 14 | $1,230 |
| Sibley County | $1,014 | 1.10% | $1,640 | 10.9% | -2.5% | 28 | 9 | $1,880 |
| Swift County | $1,014 | 0.86% | $1,440 | 9.4% | -3.4% | 34 | 3 | $1,300 |
| Dodge County | $1,422 | 1.11% | $1,510 | 2.3% | -3.2% | 83 | 18 | $2,280 |
| Aitkin County | $1,048 | 0.55% | $1,430 | 1.2% | -3.2% | 214 | 59 | $1,890 |
| Kanabec County | $1,014 | 1.13% | $1,520 | 6.4% | -2.7% | 83 | 11 | $1,850 |
| Rock County | $1,014 | 0.71% | $1,260 | 9.6% | -3.0% | 16 | 14 | $1,700 |
| Watonwan County | $1,014 | 1.05% | $1,420 | 6.2% | -2.7% | 11 | 16 | $1,330 |
| Jackson County | $1,014 | 0.93% | $1,110 | 7.1% | -3.1% | 62 | 13 | $1,250 |
| Lake County | $1,358 | 0.73% | $1,390 | 7.3% | -2.8% | 83 | 5 | $1,830 |
| Pope County | $1,088 | 0.77% | $1,520 | 8.3% | -3.3% | 33 | 4 | $1,950 |
| Pipestone County | $1,014 | 0.86% | $1,030 | 12.8% | -3.5% | 13 | 15 | $1,110 |
| Clearwater County | $1,014 | 0.67% | $1,290 | 8.0% | -3.4% | 0 | 1 | $1,470 |
| Yellow Medicine County | $1,014 | 1.04% | $1,400 | 4.7% | -4.5% | 40 | 42 | $1,270 |
| Marshall County | $1,014 | 0.80% | $1,280 | 9.5% | -2.8% | 3 | 53 | $1,290 |
| Murray County | $1,014 | 0.79% | $1,300 | 10.1% | -3.8% | 18 | 11 | $1,440 |
| Cook County | $1,022 | 0.69% | $1,370 | 6.9% | -3.6% | 64 | 6 | $2,480 |
| Norman County | $1,014 | 0.94% | $1,350 | 15.3% | -1.8% | 10 | 55 | $1,200 |
| Wilkin County | $1,014 | 0.79% | $1,240 | 5.9% | -3.3% | 9 | 22 | $1,410 |
| Grant County | $1,014 | 0.93% | $1,370 | 8.6% | -3.2% | 7 | 1 | $1,520 |
| Lac qui Parle County | $1,014 | 0.90% | $1,420 | 16.2% | -2.8% | 6 | 4 | $1,280 |
| Mahnomen County | $1,014 | 0.93% | $1,320 | 5.9% | -1.1% | 0 | 4 | $1,300 |
| Lincoln County | $1,014 | 0.96% | $1,480 | 11.3% | -3.2% | 17 | 3 | $1,340 |
| Big Stone County | $1,014 | 0.87% | $1,400 | 18.1% | -2.1% | 2 | 39 | $1,350 |
| Lake of the Woods County | $1,154 | 0.66% | $1,200 | 8.6% | -6.4% | 25 | 1 | $1,620 |
| Kittson County | $1,014 | 0.92% | $1,190 | 17.2% | -2.7% | 7 | 33 | $1,090 |
| Red Lake County | $1,014 | 1.00% | $1,410 | 9.5% | -3.7% | 0 | 0 | $1,320 |
| Traverse County | $1,014 | 0.99% | $1,180 | 24.7% | -3.9% | 6 | 42 | $950 |
Where these numbers come from
- 2-bedroom Fair Market Rent
- HUD's FY2027 Fair Market Rents, in effect from October 1, 2026: the rent and utilities of a modest 2-bedroom unit, set for housing vouchers. It is not a house rent. Where HUD publishes by town (New England), the county shows the range. HUD Fair Market Rents
- Property tax, insurance, vacancy and home value
- Census American Community Survey 5-year estimates, 2020–2024. Property tax is the median tax paid divided by the median home value of owner-occupied homes. Insurance is the median that owners with a mortgage report paying, not a landlord quote. Rental vacancy is homes vacant for rent divided by all rental homes. Figures from too few homes are left blank. American Community Survey
- Jobs
- BLS Local Area Unemployment Statistics: employed residents in August 2026 against the same month a year earlier, not seasonally adjusted. BLS LAUS
- Permits
- Census Building Permits Survey: new housing units authorized in 2025, all building sizes. Building Permits Survey
- Flood claims
- FEMA National Flood Insurance Program claims with a loss in 2005 or later, and the net amount paid. Only insured buildings appear. Check a flood zone
These are screening figures for comparing places, not a quote, an appraisal or a loan offer. Minnesota total flood payments since 2005: $51.2 million.