Homes for sale in Owatonna, MN

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Owatonna, MN Real Estate Market Overview

Browse 92 homes for sale in Owatonna, MN. View properties, photos, nearby real estate with school and housing market information. Between February 2025 and March 2025, Owatonna, MN real estate market has seen increase in the number of listings by 13.5%. Listings spent 71 days on the market in March 2025, and had a median list price of $292,000 during the same period. Owatonna, MN housing market in March 2025 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 7 sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Owatonna, MN

Owatonna is located in Steele County, Minnesota. There are roughly 18,922 residents, living in 7,646 households. The average temperature for Owatonna this time of the year is low of 46F and high of 70F. On average, Owatonna gets about 3.91 inches of precipitation in May. Most residents are home owners (69%), have a post secondary degree (48%) and are single, no kids (42%).

Data provided by Home Junction

Owatonna's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles in the area range from classic Victorian to more contemporary designs, reflecting the city's historical roots and modern growth. The market is balanced with a mix of older homes that exude character and newer constructions that offer modern amenities. While exact percentages of housing types are not specified, the variety caters to a range of preferences and needs.

Owatonna prides itself on a rich historical heritage and a strong sense of community. The city is celebrated for its vibrant cultural scene, including annual festivals that highlight local traditions and bring residents together. The community's character is further defined by its well-maintained parks and public spaces, which serve as popular gathering spots and contribute to the city's welcoming atmosphere.

The community is served by a robust educational system, with multiple public schools at the elementary, middle, and high school levels, as well as private educational options. Healthcare services are comprehensive, with a local hospital providing a range of care including emergency services. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining establishments reflect Owatonna's local culture, offering both familiar and unique experiences.

Owatonna's transport infrastructure supports both private and public transit options, with a focus on convenience and accessibility. The city's layout and design promote walkability in several areas, and there are bike-friendly routes for cycling enthusiasts. Major roads and highways connect residents to neighboring cities and regions, facilitating easy commutes and travel. Public transportation schedules are designed to meet the needs of the community, ensuring that residents can move around the city efficiently.

Schools near Owatonna, MN

Elementary Schools

  • Lincoln Elementary School

    747 Havana Rd

    Public District KG-5

  • McKinley Elementary School

    1050 22nd St NE

    Public District KG-5

  • Washington Elementary School

    423 14th St NE

    Public District KG-5

Middle Schools

  • Owatonna Middle School

    500 15th St NE

    Public District 6-8

High Schools

  • Owatonna High School

    333 E School St

    Public District 9-12

  • Owatonna Area Learning Center 9-12

    338 E Main St

    Public District 9-12

  • Choice Technical Academy

    315 S Grove Ave

    Public Charter 7-12

Data provided by Great Schools

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Last updated on: 5/1/2025, 12:52:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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