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Housing in Hyde Park

A typical Hyde Park home is worth roughly $390,000

Typical home value
$390K
MN $351K
Estimate
2-bedroom rent
$1,140
a month, utilities in · HUD
Median tax bill
$2,845
MN $3,357

What kind of housing town is Hyde Park?

Read from the numbers below. The page puts what stands out first.

★ What stands out · The homes

90% of Hyde Park households own their home

Half of Hyde Park’s homes were built before 1994.

Owners and renters
Own 90%Rent 10%

Minnesota: 72% own.

1994
typical home built · MN 1979
$2,845
median property tax bill · MN $3,357

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

What it takes to buy in Hyde Park

Try your own numbers below.

You could afford about
$341,000
Typical Hyde Park home $390K

That’s $49K short of a typical Hyde Park home.

The typical home, each month
$2,370
Loan $1,930Tax $330Insurance $110

A two-bedroom rents for about $1,140 a month here, $1,230 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,140

Fair Market Rent a month, utilities included

Studio$890
1 bedroom$970
2 bedrooms$1,140
3 bedrooms$1,590
4 bedrooms$1,920
10%
of households rent · MN 28%
8
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Rochester, MN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Hyde Park vs. its neighbors

Hyde Park is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2025Median income
Hyde Park$390K*—$1,140—$92,500
Zumbro$447K*—$1,180—$78,750
Hammond——$1,2100$58,438
Gillford$259K*−2.2%†$1,220—$86,250
Zumbro Falls$471K+10.8%$1,2100$93,542

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Hyde Park buyers, sellers and renters are saying.

Town Square →
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Is Hyde Park still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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