Counties / Minnesota / Benton County

Benton County, MN

FIPS 27009 · population 41,593 · part of St. Cloud, MN

$316k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$316k
▲ 3.5% year over year
Zillow ZHVI · direct
Median asking rent
$1,195
n/a year over year
Zillow ZORI · direct
Gross yield
4.5%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,206
market rent is 0.99x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+42.0%not annualized · through 2025
0%ZILLOW ZHVI2026-06+3.5%FHFA HPI2025+3.2%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$271k
Surveyed gross rent$982
Rent burden 30%+40.0%
Median year built1986
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
5.1%vacant
17,608estimated housing units
Occupied tenure33.3% renter
owner 66.7%renter 33.3%
Structure mix67.6% single-family
Single-family 67.6%20+ units 16.4%Mobile home 5.5%Other 10.6%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs17,084▼ 1.7% from the prior annual release
Covered establishments1,057annual average reporting locations
Average weekly wage$1,131▲ 5.1% from the prior annual release
Largest private supersectorTrade, transportation, and utilities21.5% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−1.7%WEEKLY WAGE+5.1%Trade, transportation, and utilities21.5%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Benton County’s decision tension is that a visible gross income measure sits against a meaningful carrying-cost and liquidity review. At the Zillow county observation labeled 2026-06, the median home value was $315,762 and median asking rent was $1,195 per month, producing the supplied 4.54% gross yield before expenses. Income-focused buyers should investigate property-level operating costs and lease comparables; buyers dependent on rapid resale should be cautious because the yield is not net cash flow or evidence of exit liquidity.

02Housing economics

HUD’s two-bedroom FMR was $1,206, but this is a payment standard, not a market-rent estimate and cannot replace the measured asking rent. The effective property-tax rate was 0.98%, with median annual tax of $2,651, so taxes belong in the carrying-cost test. Price direction is corroborative but not interchangeable: FHFA’s repeat-transaction HPI rose 3.20% in its 2025 annual series, while the Zillow home-value observation at 2026-06 showed 3.46% year over year. These distinct methods and vintages should not be averaged.

03Demand & competition

Realtor.com’s MLS listing market at 2026-06 had 90 active listings, a median 46 days on market, and 20.25% of listings price-reduced. That is visible supply, marketing time and seller-concession evidence—not closed-sale pricing or proof of buyer demand. Investor purchases represented 31 of 497 purchases, or 6.24%, indicating a minority but present non-owner buyer channel; its effect on individual submarkets is untested. Tax-return migration was negative, and inbound moving households had lower average income than outbound households, a combination that merits tenant-income and absorption review.

04Risk & next checks

The principal physical risk is inland flood. Modeled expected annual climate loss equals 0.14% of building value; it is a modeled county-level ratio rather than a site loss estimate. QCEW’s 2025 annual county workplace data show falling covered employment alongside rising covered-worker wages; trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy. Missing flood-zone and insurance data, unit condition, utilities, vacancy, repairs, debt terms, closed-sale comps, and neighborhood lease comps prevent a net-cash-flow, debt-coverage, purchase-basis, or site-risk conclusion. Obtain those items and confirm taxes, leases, and flood coverage for the specific asset.

Cities & communities

Where people live within Benton County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
St. Cloud city*70.6KSartell city*19.8KSauk Rapids city13.9KFoley city2.7KRice city2.1KRoyalton city*1.2KGilman city233Ronneby CDP67
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

8 Census places

Population
  1. 01
    St. Cloud cityIncorporated place · spans 3 counties
    70,629
  2. 02
    Sartell cityIncorporated place · spans 2 counties
    19,758
  3. 03
    Sauk Rapids cityIncorporated place
    13,852
  4. 04
    Foley cityIncorporated place
    2,675
  5. 05
    Rice cityIncorporated place
    2,085
  6. 06
    Royalton cityIncorporated place · spans 2 counties
    1,211
  7. 07
    Gilman cityIncorporated place
    233
  8. 08
    Ronneby CDPCensus-designated place
    67

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.135% of building value expected lost per year

Effective property tax0.98%

$2,651 median annual bill

02
DemandIRS SOI household flows
Net migration-75

1,629 in · 1,704 out

Arriving vs leaving income−$2,355

$49,845 arriving · $52,200 leaving

03
CompetitionHMDA financed purchases
Purchases by investors6.2%

31 of 497 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings90▲ 4.7% year over year
Median days on market46▲ 15.0% year over year
Listings price-reduced20.3%seller-concession signal
Median listing pricen/a▲ 7.8% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in St. Cloud, MN

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Benton County41,593$316k$1,1954.5%inland flooding
Stearns County160,865$323k$1,2954.8%inland flooding
Bear case

What can break the county thesis

  1. Unpublished vacancy, repairs, utilities, insurance, and debt costs could make the gross yield non-indicative of net cash flow.
  2. Actual flood-zone exposure and insurance cost may differ materially from the county-level modeled climate-loss ratio.
  3. County migration, QCEW, and investor data may not describe the target property's tenant base or neighborhood.
Underwriting questions

Before pricing a property

Is the published rent a market measure or a HUD payment standard?

It is median monthly asking rent; the HUD two-bedroom FMR is a separate payment standard.

Does the record establish net cash flow?

No. It reports gross yield before expenses and lacks vacancy, repairs, utilities, insurance, and debt terms.

Do the listing figures show closed-sale buyer demand?

No. They are MLS asking-price, active-supply, marketing-time, and price-reduction evidence, not closed-sale outcomes.