Rent vs. Buy in Le Sueur County, MN

Should you rent or buy in Le Sueur County? Here are the numbers.

Median Home Price

$271,900

Median Rent

$878/mo

Price-to-Rent Ratio

25.8x

Homeownership Rate

81.4%

Monthly Cost Comparison

Buying (20% down, 6.5% rate)

Mortgage (P&I)$1,375
Property Tax$240
Insurance$91

Total Monthly$1,706

Renting

Monthly Rent$878
Renter's Insurance$25

Total Monthly$903

In Le Sueur County, buying costs approximately $828/mo more than renting. This doesn't account for equity buildup, tax deductions, or home appreciation.

About Le Sueur County, Minnesota

Le Sueur County in Minnesota has a median household income of $87,180 and an effective property tax rate of 1.1%. With a price-to-rent ratio of 25.8x, renting may be more cost-effective in the short term.

These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Federal Housing Finance Agency. Estimates are based on county-level medians and may not reflect specific neighborhoods or property types. This is not financial advice — consult a licensed professional before making housing decisions.