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Sherburne County, MN

RANK #504 / 996  ·  POP 97,820  ·  MN

PROJECTED GROWTH: +0.7%

Sherburne County shows below-average economic momentum. Growth signals are flat or softening.

[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.

[02] Market Snapshot

Housing Ratio
8.1x

Overvalued relative to economy

GDP Growth
+3.2%

Above national median

Home Prices
+2.2%

Outpacing national median

Climate & Terrain
-2.9

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 8.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Sherburne County U.S. National

The Numbers

DEMOGRAPHICS
Population
97,820
+1.58% YoY
Median Household Income
$99,431
Median Home Value
$306,000
+2.23% 12mo
Median Rent
$1,166
Average Annual Pay
$57,774
+3.8% YoY
Employment
28,090
+1.7% YoY
Income-to-Home-Value
0.3249
More affordable than average
Migration Inflow
7.0%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$384,900
Days on Market
62
Slower market
Months of Supply
3.4
Balanced market
Sale-to-List Ratio
99.4%
Near asking price
Sold Above List
37.0%
Listings w/ Price Drops
15.4%
Building Permits (2024)
334
Single-Family Permits
268

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

[06] Score Breakdown

GDP Growth +3.2% 61 percentile
Population Growth +1.6% 84 percentile
Income Growth +7.6% 29 percentile
Vacancy Rate 0.3% 98 percentile
Home Price Change +2.2% 62 percentile
Rent Growth +6.2% 88 percentile
Price/Rent 16x 29 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Sherburne County has a Boom Town Index score of 49/100, ranking #504 among 996 U.S. counties. With job growth at +1.7% and a median household income of $99,431, it faces some economic headwinds compared to faster-growing counties.

Is Sherburne County affordable?

The median home value in Sherburne County is $306,000 with median rent at $1,166/month. The income-to-home-value ratio is 0.3249, which is more affordable than the national average.

Is Sherburne County growing or shrinking?

Population growth: +1.6% year-over-year. Job growth: +1.7%. Home values changed +2.2% in the past 12 months.

Are people moving to Sherburne County?

Yes — 7.0% of Sherburne County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Greene County, MO 59 Cullman County, AL 59 Rockingham County, NH 59 Dane County, WI 59 Calhoun County, AL 59 Washtenaw County, MI 59 Franklin County, PA 59 Van Zandt County, TX 59