MN area data
Montevideo, MN
Montevideo, MN.
Population: 7,225 (Census ACS)
Home values & appreciation
- Median home value
- $219,508
- 1-year appreciation
- +7.8%
- 3-year appreciation
- +16.5%
- 5-year appreciation
- +34.1%
- 10-year appreciation
- +89.9%
- All-time peak (2026-06)
- $219,763
- House Price Index
- 429.3 (+3.3% YoY)
Market activity
- New listings (monthly)
- 10
Affordability
- Cost of living index (Below Average)
- 90.0 (100 = US avg)
- Electricity rate (state-level)
- 15.8¢/kWh
- Natural gas rate (state-level)
- $11.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 8
- Elementary schools
- 2
- Middle schools
- 1
- High schools
- 3
Natural hazards & flood risk
- Overall hazard risk
- Very Low
- Top hazards
- coldWave, strongWind, winterWeather
Climate (30-year normals)
- Average annual temperature
- 45.0°F
- Average high
- 57.0°F
- Average low
- 33.0°F
- Annual precipitation
- 30.4 in
- Annual snowfall
- 54.5 in
Amenities
- Nearest airport
- Montevideo Chippewa County Airport (MVE) (6 mi)
- Nearest major airport
- Redwood Falls Municipal Airport (RWF) (41 mi)
- Hospitals nearby (~15 mi)
- 1
- EV charging stations (within 10 mi)
- 6
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Migration
- Net migration
- -38 tax filers
Housing stock
- Median year housing built
- 1,958
- Median annual property tax
- $1,735
- Mean commute to work
- 14 min
- Households with broadband internet
- 66.0%
Employment & development
- Total county employment
- 4,032
- Average weekly wage
- $979
- Top industries (by employment)
- Construction, Wholesale Trade, Accommodation & Food
- Annual residential building permits (county)
- 2
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →