Housing in Montevideo, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$202,099
Montevideo vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Montevideo is highlighted.
Median Home Value
37th%ilemost expensive$137,600show rank
Median Rent
35th%ilemost expensive rent$832show rank
Rent Burden
25th%ilehighest rent burden15.2%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$137,600
Median Rent
$832
Total Housing Units
2,478
Vacancy Rate
7.5%
Owner Occupied
63.2%
Renter Occupied
36.8%
Median Property Tax
$1,506
per year
Monthly Cost (w/ Mortgage)
$906
Housing Types
Single Family70.3%
Multi-Family29.3%
Mobile Home0.3%
The median home value in Montevideo, MN is $137,600. According to Zillow, the home value index for Montevideo is $202,099. The median rent is $832 per month (Census ACS). About 63.2% of housing units are owner-occupied. The median year homes were built is 1958. There are 2,478 total housing units.