The story of this market
The typical home in Wabasha County, Minnesota sells for about $296,633, or $211 per square foot.
Prices are up +6.18% from a year ago, so sellers still have some momentum. Homes take about 75 days to sell, which is slow. Over the long run, values in this county have grown 126% since 2000. Last year 4 of 6 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is strong wind, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+2.8%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+16.7%). Worst: 2009 (-5.8%). Hover to read a year.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,328
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+2.8%
2025 change
FHFA repeat-sales index, median of 6 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
76
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $17,523,833.
Mortgage activity
Home lending in this county
83.4%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 893 | 584 | 83.4% | 6.9% | $190,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Wabasha County, Minnesota
Wabasha County's housing market remains stable with steady demand and modest price appreciation. Low inventory levels continue to support pricing, while new development projects in downtown areas signal long-term growth potential.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 5 cities · 5 ZIP reports
Median prices moved up 2.2% year over year.
Homes spend a median of 31 days on market with 2.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.11% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 7.1% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 4 researched ZIP reports of 5 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Wabasha County, Minnesota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 23
researched Oct 8
researched Oct 8
researched Oct 8
researched Oct 8
| 55041 | Lake City | $429,000 | $205 | +7.3% | 45 | 94% | — | — | 106 | $881 | researched Sep 23 |
| 55945 | Kellogg | $238,750 | $145 | +1% | 22 | 98.2% | 12% | 2.1 | 173 | $1,250 | researched Oct 8 |
| 55964 | Plainview | $310,000 | $142 | +17% | 51 | 99.4% | — | 2.5 | 10 | $2,250 | researched Oct 8 |
| 55981 | Wabasha | $245,000 | $142 | +3.2% | 88 | 97.5% | 12% | 6.4 | 39 | $1,150 | researched Oct 8 |
| 55991 | Zumbro Falls | $294,600 | $168 | +2.7% | 66 | 97% | 16.1% | 1 | 31 | $1,250 | researched Oct 8 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Wabasha County generally reports lower crime rates compared to the Minnesota state average, with safety being a primary draw for residents in its small-town communities.
Schools in the county are primarily served by local independent districts that are generally well-regarded for their small class sizes and community-focused educational environments.
The county faces moderate flood risks, particularly for properties located along the Mississippi River and Zumbro River corridors, necessitating standard flood insurance considerations.
Economic momentum is driven by local manufacturing, healthcare, and tourism, with recent efforts to increase housing density, such as new market-rate apartment developments in downtown Wabasha.
Property taxes are assessed at the county level based on market value, with rates influenced by local school district levies and municipal service requirements.
The economy is anchored by manufacturing, healthcare services, and a robust tourism sector centered on the Mississippi River valley.
Transportation is primarily served by state highways including US Highway 61, which acts as a major corridor along the Mississippi River.
The county assessor's office conducts annual property valuations based on market sales data to ensure equitable tax distribution.
The county is served by several independent school districts and local utility cooperatives that manage essential services across municipal boundaries.
Property insurance premiums are influenced by the county's riverine geography and the associated flood risk profiles for residential structures.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A premier destination in Wabasha that highlights the region's significance as a habitat for bald eagles.
Provides extensive recreational opportunities including boating, fishing, and scenic riverfront parks.
A popular local destination for winter sports, contributing to the county's year-round tourism appeal.
Data retrieved from Census Reporter and US Census Bureau QuickFacts.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
applies when — Property containing a homestead subject to foreclosure
The mortgagor has the right to designate a portion of the property as a homestead to be sold and redeemed separately, provided it conforms to local zoning and is compact.
Minnesota Statutes 582.041
applies when — Parcels designated as condominium units
Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units.
Minnesota Statutes 515A.1-105
Allows non-judicial foreclosure. Requires notice of sale to be mailed to the mortgagor at least 14 days before the sale date and published in a newspaper. Mortgagors have specific redemption rights following the sale.
Minnesota Statutes Chapter 580
Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.25% for value exceeding $500,000.
2021 Classification Rate Table, Minnesota Department of Revenue
≈ $2,966/yr on a $296,633 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.