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Why Live in Owatonna

Owatonna, located 65 miles southwest of the Twin Cities, blends small-town charm with modern conveniences. Named after the Dakota word for 'Straight River,' this neighborhood offers a scenic lifestyle with urban accessibility. With a population of over 26,000, Owatonna is known for its manufacturing and insurance industries, with major employers like Viracon and Federated Insurance. The area boasts 37 parks and 17 trails, including Kaplan’s Woods and Mineral Springs Park, providing ample things to do outdoors year-round. The Village of Yesteryear and the State School Orphanage Museum preserve local history. The annual Steele County Free Fair, held in August, is a major attraction, drawing over 100,000 attendees. Homes in Owatonna range from modest properties near the interstate to expansive estates on the east side, with prices starting around $100,000. The Owatonna Public School District is highly rated, with Owatonna Senior High School recognized among the top 100 public schools in Minnesota. Shopping options include Walmart Supercenter and Aldi, while local boutiques like Hidden Rose and Urban Loft offer unique finds. Dining ranges from fast-food chains to family-owned eateries such as Torey's Restaurant & Bar. The city is safer than the national average, with crime rates below national figures. Convenient transportation options include I-35, the SMART bus, and the Owatonna Degner Regional Airport. For healthcare, residents have access to Owatonna Hospital in the northwest corner of the community.

Home Trends in Owatonna, MN

Housing Trends

Median Sale Price
$293,000
Median Single Family Sale Price
$299,900
Median Townhouse Sale Price
$326,000
Average Price Per Sq Ft
$159
Number of Homes for Sale
75
Last 12 months Home Sales
357
Months of Supply
2.50
Median List Price
$300,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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