Safe Rate Local

Dakota County

Learn about the people, housing, costs and businesses in Dakota County County

Median Home$393,268
Median Rent$1,642/month
Population445,771
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services9% arts, food & hospitality
Home Value Growth+6.4% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners75% of occupied units
NotableHighly Educated30% bachelor's · 11% graduate · top 3% nationally
NotableHigh Incomes$113k/year · top 4% nationally
Dakota County
MN

Frequently Asked Questions

What are today's mortgage rates in Dakota County?

Mortgage rates for Dakota County are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Dakota County
What is the median home price in Dakota County?

The median home value in Dakota County is $393k. The median monthly rent is $1,642. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Dakota County?

Home values in Dakota County have increased 6.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Dakota County?

Based on a typical all-in ownership cost of $1,730/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Dakota County is $113k/year.

Calculate your buying power
What industries drive the economy in Dakota County?

The largest employment sectors in Dakota County are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas