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Sherburne County, MN

RANK #456 / 1001 NAT  ·  #7 / 18 MN  ·  POP 100,560

1YR FORECAST: +0.9%

5YR OUTLOOK: +29%

Sherburne County's housing market is projected to grow +0.9% over the next year, tracking near the national average.

[01] Why Sherburne County?

Sherburne County, Minnesota, distinguishes itself with the Sherburne National Wildlife Refuge and the Sand Dunes State Forest, offering extensive natural landscapes for outdoor enthusiasts. Located in central Minnesota, the county sits between the Minneapolis-St. Paul and St. Cloud metropolitan areas. Commute options include major highways like U.S. 10 and 169, providing four-lane access, and a commuter bus service (replacing the Northstar Line in January 2025) connecting towns like Elk River and Big Lake to downtown Minneapolis. The community feel varies from rural to suburban, with cities like Elk River serving as the county seat.

Life in Sherburne County often involves a balance of suburban and rural living, attracting families and individuals seeking good schools and access to natural amenities. The county is home to multiple school districts, including Independent School District 728 and Becker Public School District. Outdoor recreation is a significant draw, with numerous county and city parks, lakes, and trails for hiking, biking, and water sports. Economically, the county has experienced growth, with a labor force projected to expand. Local economic development efforts focus on supporting entrepreneurship and existing businesses.

MARKET PROFILE

Idiosyncratic Markets

Sherburne County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +2.4% YoY, population +1.4%, wages +3.4%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
21.3x

Overvalued relative to economy

Home Prices
+2.4%

Above national median

Climate & Terrain
-2.9

Below-average climate & terrain

Price/Rent
18x

Above national median (15x)

Housing looks overvalued at 21.3x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    St. Cloud Area School District (ISD 742) Education
    1,000+
  2. 2
    Xcel Energy (Sherco) Energy
  3. 3
    CentraCare Health Systems / St. Cloud Hospital Healthcare
  4. 4
    Cargill Kitchen Solutions Manufacturing
  5. 5
    Crystal Cabinets Manufacturing
  6. 6
    Guardian Angels Senior Services Healthcare
  7. 7
    Sherburne County Government Government
  8. 8
    Coborn's Retail
  9. 9
    Electrolux Home Products Manufacturing
  10. 10
    New Flyer USA, Inc. Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Sherburne County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
100,560
+1.39% YoY
Median Household Income
$105,466
Median Home Value
$361,400
+2.38% 12mo
Median Rent
$1,127
Average Annual Pay
$59,740
+3.4% YoY
Employment
28,557
+1.7% YoY
Income-to-Home-Value
0.2918
More affordable than average
Migration Inflow
6.23%
of pop. from another state
Bachelor's Degree+
29.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$359,950
Days on Market
26
Active market
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
100.2%
Homes selling above asking
Sold Above List
39.6%
Listings w/ Price Drops
29.8%
Building Permits (2025)
319
Single-Family Permits
299

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Firearm Fatalities
5.5
per 100K · nat avg 14.8
Injury Deaths
56.3
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Score Breakdown

Population Growth +1.4% 77 percentile
Income Growth +2.4% 40 percentile
Vacancy Rate 0.3% 98 percentile
Home Price Change +2.4% 60 percentile
Rent Growth +4.4% 72 percentile
Price/Rent 18x 26 percentile

Bars show percentile rank among all 1001 counties.

[07] Frequently Asked Questions

Is Sherburne County, MN a good place to move to?

Sherburne County scores 54/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#456). Median household income is $105,466 and job growth is running at +1.7%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Sherburne County affordable?

Housing in Sherburne County is roughly in line with national affordability norms. The median home costs $361,400 and the income-to-home-value ratio sits at 0.29, with rents averaging $1,127/month. Not a bargain, but not a stretch for most local earners either.

Is Sherburne County growing or shrinking?

Sherburne County is growing on multiple fronts. Population is up +1.4% year-over-year while employers added jobs at a +1.7% clip. Home values shifted +2.4% in the past year.

Are people moving to Sherburne County?

In significant numbers — 6.23% of Sherburne County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[08] Similar Counties by Size & Score

Rice County, MN 57 Anoka County, MN 48 Chisago County, MN 63 St. Louis County, MN 65 Wright County, MN 42 Ramsey County, MN 40 Allegan County, MI 54 Wilson County, NC 54