Dakota County
Minnesota · Pop. 439,882
Ranked #56 of 200 counties
50Moderate
Median Home Price
🏠$360K
3.2% YoY
Median Rent
🔑$1,500
Median Income
💰$85K
Rent Burden
📊25.0%
% of income to rent
Housing Shortage
🏗️6,000
estimated unit deficit
Building Permits (2024)
📋3,200
Price-to-Income Ratio
⚖️4.2x
Homeownership Rate
🏡72.0%
How Dakota County Compares
| Metric | Dakota County | Minnesota | National |
|---|---|---|---|
| Home Price | $360K | $329K | $410K |
| Rent | $1,500 | $1,264 | $1,500 |
| Income | $85K | $85K | $75K |
| Rent Burden | 25.0% | 29.0% | 30.0% |
| Homeownership | 72.0% | 72.0% | 65.0% |
Key Takeaways
- • Home prices are 12% below the national average.
- • Rent is about average the national average.
- • The county has an estimated housing shortage of 6,000 units.
- • 3,200 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.2%.