Housing in Owatonna
Owatonna's housing market sits between the other markets in this Minnesota Tier B batch -- above Winona's own affordable pricing, below Inver Grove Heights' Twin Cities-suburb premium.
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Learn moreA real, disclosed price spread across 2026
Zillow's typical home value ran $273,490 (+1.8% YoY) as of this pass, while Redfin's March 2026 median sale price ran a close $277,450, and May 2026 median list prices ran notably higher at $319,000 -- a real, disclosed spread reflecting differing measurement methods and timing.
Recent late-2025 figures for additional context
Zillow's own December 2025 typical home value ran $286,730, with a median sale price of $300,959 for the same period -- both figures useful for understanding recent trend direction alongside this pass's 2026 figures.
A property tax base reflecting the city's comparatively higher rate
Owatonna's median annual property tax bill ($3,132 for the Steele County portion) is the highest figure found anywhere within Steele County this pass, a real, direct consequence of the city's comparatively high 1.41% effective rate.
Key takeaways
- Home values run $273,490 (Zillow typical) to $319,000 (May 2026 median list) depending on source.
- Owatonna's pricing sits between Winona's affordability and Inver Grove Heights' Twin Cities premium in this batch.
- Owatonna's own tax bill ($3,132) is the highest found anywhere within Steele County this pass.
- Confirm current, address-specific pricing directly given the real cross-source spread.
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