Rice median home price
The average home price in Rice is $355,943, ranking #636 of 3,071 U.S. counties. Updated monthly and free to explore.
Median home price
$355,943
Ranks #636 of 3,071 U.S. counties, in the top 21%.
- vs. national median$234,352Rice is higher than the U.S. median
- vs. Minnesota median$278,266Rice is higher than the Minnesota median
What median home price means
The median home value is the typical home price in a market: the midpoint of Zillow's home value index (ZHVI), which tracks a typical home across all types and price tiers. It is updated monthly and smoothed to cut noise, so it is a steadier read of what homes actually cost here than a raw median sale price, which swings with whatever happened to sell that month.
Rice average home price: common questions
What is the average home price in Rice?
The average home price in Rice is $355,943, which ranks #636 of 3,071 U.S. counties. Curb Report updates this monthly and it is free to view.
Is the average home price in Rice above or below the national average?
Rice is higher than the U.S. median of $234,352, putting it in the top 21% of U.S. counties.
How does Rice compare with the rest of Minnesota?
Rice is higher than the Minnesota median of $278,266.
Is the average home price the same as the median home price?
People usually search for the "average home price" in a place, but the number published here is the typical home value from Zillow's ZHVI, which is a median-style measure rather than an arithmetic mean. That is deliberate: a true average is dragged upward by a handful of luxury sales, so it overstates what a normal home costs. For everyday purposes the two answer the same question, and the figure below is the better answer to it.
What does median home price mean?
The median home value is the typical home price in a market: the midpoint of Zillow's home value index (ZHVI), which tracks a typical home across all types and price tiers. It is updated monthly and smoothed to cut noise, so it is a steadier read of what homes actually cost here than a raw median sale price, which swings with whatever happened to sell that month.