Ormsby: Housing & Real Estate
Ormsby's median home value is $75,000 (estimated market value runs 18% higher at $88,815), with median rent $-666,666,666. Homeownership rate: 93.2%. That's 2.2× below the Watonwan County median ($162,400); 4.4× below the Minnesota median ($329,300). Market is warm. Vacancy rate 6.5%. A municipal building code is in effect.
- 0.9× annual income — home value vs. household income (vs Minnesota 3.9×).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $75,000 — 0.2× the Minnesota median ($337,000). Median rent $-666,666,666/month. homeownership rate 93.2% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 0.9× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Poverty Rate | 10.3% |
| Affordability · Property Tax Pct Income | 1.4% |
| Fair Market Rent · Studio rent | $671 (vs Minnesota $1,242) |
| Fair Market Rent · One-bedroom rent | $803 (vs Minnesota $1,405) |
| Fair Market Rent · Two-bedroom rent | $973 (vs Minnesota $1,709) |
| Fair Market Rent · Three-bedroom rent | $1,283 (vs Minnesota $2,262) |
| Fair Market Rent · Four-bedroom rent | $1,288 (vs Minnesota $2,531) |
| Fair Market Rent · HUD FMR area | Martin County, MN |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $88,815 |
| Median Home Value | $75,000 (vs Minnesota $337,000) |
| Median Rent | $-666,666,666 (vs Minnesota $1,371) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 6.5% |
| Housing Market · Price Appreciation 2Yr | 25.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Minnesota median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Minnesota median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Minnesota median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 0.0% (vs Minnesota 0.6%) |
| Broadband · Broadband-capable premises | 115 |
| Electricity · Electricity rate (¢/kWh) | 15.45¢/kWh |
| Electricity · Customers | 2581180 |
| Electricity · Revenue Millions | $3,409 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Minnesota median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Minnesota median) |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 93.2% (vs Minnesota 69.7%) |
|---|---|
| Median Year Built | 1958 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12