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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 →

Data compiled by REAIGENT7 — AI listing platform for real estate agents