Owatonna, MN housing market
The typical Owatonna home is worth about $299,000, up 2.2% in a year, 15% below the Minnesota typical home.
Home values, sales, trends and how Owatonna compares with the towns next door — updated as new data is published.
Owatonna at a glance
Typical home value, 2016–2026
Show as a table
| January | Owatonna | Minnesota |
|---|---|---|
| 2017 | $167,000 | $217,000 |
| 2018 | $176,000 | $232,000 |
| 2019 | $187,000 | $246,000 |
| 2020 | $197,000 | $259,000 |
| 2021 | $217,000 | $282,000 |
| 2022 | $251,000 | $313,000 |
| 2023 | $261,000 | $325,000 |
| 2024 | $274,000 | $331,000 |
| 2025 | $289,000 | $341,000 |
| 2026 | $298,000 | $349,000 |
| August 2026 | $299,000 | $351,000 |
Owatonna and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Owatonna | $299K | +2.2% | $1,150 | — | $129,750 |
| Owatonna | — | +4.4%† | $1,150 | 15 | $80,750 |
| Somerset | — | +4.5%† | $1,140 | — | $102,750 |
| Havana | — | +4.4%† | $1,170 | — | $91,563 |
| Meriden | — | +3.5%† | $1,140 | — | $112,500 |
| Clinton Falls | — | +2.6%† | $1,150 | — | $101,042 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,150
HUD's Fair Market Rent for a two-bedroom in Owatonna is $1,150 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $790 · 4 bedrooms $1,830
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55060; Steele County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Owatonna
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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.