Olmsted County

A local view of the market.

The real estate market in Olmsted County, Minnesota, is currently a seller's market, with the median home sold price reaching $325,272 in October 2024, marking a 3.7% increase from the previous year. The median price per square foot stands at $173, indicating a robust demand for housing in the area. Rochester, the largest city in Olmsted County, is a significant urban center with a population of approximately 121,000 residents. Other notable cities include Byron, with a population of around 5,000, and Stewartville, home to about 6,000 people. These cities contribute to the county's diverse urban and suburban landscape, offering a range of amenities and housing options. Olmsted County offers a mix of suburban and rural living, with agriculture playing a vital role in its economy alongside healthcare and education, largely driven by the presence of the Mayo Clinic in Rochester. The county attracts new residents due to its strong job market, quality of life, and educational opportunities, making it an appealing destination for families and professionals seeking a balanced lifestyle.