Home prices
The median home cost in Owatonna is $166,600. This is approximately $37,000 (28%) higher in comparison to the surrounding areas.It is approximately $50,900 (23%) lower in comparison to the country as a whole, and in comparison to the city of Minneapolis is about $85,000 (33%) lower.
Rents
Owatonna's median monthly rent is $773. In comparison to its nearby areas it is is very similar.It is roughly $289 (27%) lower compared to the United States as a whole, and is approximately $254 (24%) lower compared to the city of Minneapolis.
Nearby places
Medford
Medford is about 4 miles north of Owatonna. The housing prices there are similar. Medford's median home value is $162,200, which works out to $4,400 (2%) lower than Owatonna. Rent there is somewhat less expensive. Medford's median monthly rent is $700, which is $73 (10%) lower than Owatonna.
Claremont
Claremont is roughly 10 miles east from Owatonna. Its housing prices are a lot less expensive. The median home in Claremont costs $72,500, which comes out to $94,100 (129%) lower than Owatonna. Its rents are somewhat less expensive. Claremont's median rent is $709 per month, which works out to $64 (9%) lower than Owatonna.
Waseca
Waseca is roughly 11 miles west from Owatonna. The real estate prices there are somewhat less expensive. The median home in Waseca is valued at $127,300, which is $39,300 (30%) lower than Owatonna. Rents there are a bit less expensive. In Waseca the median rent is $654 a month, which is $119 (18%) lower than Owatonna.
Morristown
Morristown is about 12 miles northwest from Owatonna. The real estate prices there are a little less expensive. The median home in Morristown costs $132,500, which works out to $34,100 (25%) lower than Owatonna. The rent there is a little more expensive. The median monthly rent in Morristown is $975, which works out to $202 (20%) higher than Owatonna.
Faribault
Faribault is roughly 13 miles north from Owatonna. Housing prices there are a bit less expensive. The value of the median home in Faribault is $153,500, which is $13,100 (8%) lower than Owatonna. Rents there are a little more expensive. Faribault's median monthly rent is $822, which works out to $49 (5%) higher than Owatonna.
