Montevideo, Minnesota.
Typical home $210,874 (+6.2% in a year).
to buy the typical home at today's mortgage rate — +$636 (+135%) since Jan 2020.
- 1 year
- Up $12,242 +6%
- $198,632$210,874 since Sep 2025
- 5 years
- Up $49,697 +31%
- $161,177$210,874 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Montevideo$1,107
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Montevideo, MN rose 6.2% over the past year — faster than the nation's +1.2%.
Living in Montevideo, Chippewa County, Minnesota
Montevideo is a city of 5,398 people in Chippewa County. Half its households earn more than $68,596 a year and half less, against $71,458 across Chippewa County; 20% of its people live below the poverty line. 65% of its homes are lived in by their owners and 35% are rented. Unemployment in Chippewa County was 5.3% in August 2026, and the county had 2.9% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Montevideo is a small city in western Minnesota, with a population older than the typical American community. Household incomes are somewhat below the county's, and more people here live below the poverty line than in many places. Most homes are lived in by their owners, and relatively few adults hold a four-year degree. Winters are cold, with January the coldest month and plenty of snow, while July brings warm summer days.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops and government also employing a good share. Among the largest workplaces in town are Jennie-O Turkey Store, CCM Health and the Montevideo Public School District. Unemployment across Chippewa County is higher than it was a year ago, and the county has fewer jobs than the year before. Very few people work from home.
Things to do. The Chippewa River runs in or beside town, and Brafees Creek is a short drive away. Also a short drive away is the Swensson Farm Museum, a local museum. For a longer outing, Lac qui Parle State Park is a protected area a longer drive away.
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- 2,274households
- 19%of adults have a degree
- 20%below the poverty line
- 5%work from home
What residents work in
Employed residents by industry, from the Census survey. Chippewa County had 5,136 jobs in 2025, 2.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 2°; warmest in July, with highs near 82° and lows near 60°. About 46 inches of snow and 29 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Montevideo 1SW weather station, 2 miles away (NOAA).
Largest workplaces in Montevideo
- Jennie-O Turkey StoreTurkeys, processing, fresh, frozen, canned, or cooked309
- CCM HealthCritical access hospital250FTE
- Montevideo Public School DistrictSchool district239FTE
- Chippewa CountyExecutive offices, federal, state, and local128
- Minnesota Department of Veterans Affairs-Minnesota Veterans Home - MontevideoNursing homes110
- Luther Haven Nursing HomeSkilled nursing facilities107
- Ametek, IncElectromedical & electrotherapeutic apparatus manufacturing93
- CassiaAssisted-living facilities with on-site nursing facilities50
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 12 workplaces with 20 or more staff, 1,331 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Cold wavesRelatively high
- Heat wavesRelatively high
- Strong windRelatively high
- Ice stormsRelatively moderate
- Inland floodingrelatively high in parts of MontevideoRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Montevideo’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Chippewa County.
Montevideo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Montevideo$210,874
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Montevideo listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Montevideo24.72%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Montevideo73
New listings per month
Sellers arriving at the market.
- Montevideo12
Zip codes with a Montevideo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Montevideo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Montevideo
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 56265 | Montevideo | 7,225 | — | $211,119 |
| 56223 | Clarkfield | 1,351 | — | $153,507 |