11

Owatonna, MN Homes for Sale under $200,000

Section Image Section Image
  • xxx Landmark Dr NE, Owatonna, MN 55060
    xxx Landmark Dr NE, Owatonna, MN 55060
    /2

    $100,000

    • Land
    • 0.9 Acre
    • $111,111 per Acre

    xxx Landmark Dr NE, Owatonna, MN 55060

    Desirable North Bluff Estates commercial lot. Locate your new commercial building here for high traffic and easy access.

    Agent Photo

    Jennifer Fielding

    eXp Realty

    (507) 418-5420

    xxx Landmark Dr NE, Owatonna, MN 55060
  • 134 W University St, Owatonna, MN 55060
    134 W University St, Owatonna, MN 55060
    134 W University St, Owatonna, MN 55060
    /27

    $144,900

    • 3 Beds
    • 2 Baths
    • 1,420 Sq Ft

    134 W University St, Owatonna, MN 55060

    Bring your VISION and realize the VALUE! Here is a property that has plenty of potential - with a bedroom and full bath on the main floor, along with the home’s living room and kitchen. Laundry has also been brought up to the main level for convenience. Upper level living space includes 3 more bedrooms and a 3⁄4 bath. The home’s covered front porch can be a cozy place to relax. And in 2022, the

    Agent Photo

    Benjamin Gillard

    RE/MAX Venture

    (507) 575-4205

    134 W University St, Owatonna, MN 55060
  • 238 Locust Ave, Owatonna, MN 55060
    238 Locust Ave, Owatonna, MN 55060
    238 Locust Ave, Owatonna, MN 55060
    /18

    $149,900

    • 2 Beds
    • 1 Bath
    • 1,240 Sq Ft

    238 Locust Ave, Owatonna, MN 55060

    This inviting residence features 2 bedrooms. The main floor offers a warm and functional layout, including a large kitchen with a breakfast bar, and a convenient half bath. A single car garage provides excellent storage and parking. Step outside to enjoy the backyard, ideal for relaxing or entertaining. While the home may benefit from updates, it remains in great overall condition and is filled

    Deb Schmidt Help-U-Sell Heritage Real Est.

    238 Locust Ave, Owatonna, MN 55060
  • 234 E School St, Owatonna, MN 55060
    234 E School St, Owatonna, MN 55060
    234 E School St, Owatonna, MN 55060
    /25

    $144,500

    • 4 Beds
    • 2 Baths
    • 1,587 Sq Ft

    234 E School St, Owatonna, MN 55060

    Kara Spinler Aleres, LLC

    234 E School St, Owatonna, MN 55060
  • xxx Anderson Place, Owatonna, MN 55060
    xxx Anderson Place, Owatonna, MN 55060
    /2

    $120,000

    • Land
    • 2.12 Acres
    • $56,604 per Acre

    xxx Anderson Place, Owatonna, MN 55060

    Beautiful 2-Acre Lot in SW Owatonna: Perfect for One Home or Three!Discover the perfect spot for your dream home on this stunning 2-acre lot, currently divided into 3 parcels. Located in a peaceful cul-de-sac in Southwest Owatonna, this property offers a serene setting with beautiful views overlooking Moorehouse.Key Features:2 Acres Total: Divided into 3 parcels, ideal for one

    Darcy Ihrke Berkshire Hathaway HomeServices Advantage Real Estate

    xxx Anderson Place, Owatonna, MN 55060
  • 1064 S Grove Ave, Owatonna, MN 55060
    1064 S Grove Ave, Owatonna, MN 55060
    1064 S Grove Ave, Owatonna, MN 55060
    /14

    $175,000 Coming Soon

    • 3 Beds
    • 1 Bath
    • 864 Sq Ft

    1064 S Grove Ave, Owatonna, MN 55060

    Own for less than rent! Clean, updated, and ready for you. Kitchen is recently updated, with new floor and backsplash, along with freshly painted cabinets. Bathroom has been nicely updated, basement is unfinished, hosting a new washer and dryer. Siding and entry doors on the house are new. Roof, furnace, and windows, are all newer.

    Peter Nett Homes Plus Realty

    1064 S Grove Ave, Owatonna, MN 55060
  • 1407 Mineral Springs Pkwy NE, Owatonna, MN 55060
    1407 Mineral Springs Pkwy NE, Owatonna, MN 55060
    1407 Mineral Springs Pkwy NE, Owatonna, MN 55060
    /7

    $159,500

    • Land
    • 1.23 Acres
    • $129,675 per Acre

    1407 Mineral Springs Pkwy NE, Owatonna, MN 55060

    THE BEST LOT IN OWATONNA! Elevate your future dream home with this one of a kind 1.2 acres of privacy & woods in the city limits! Wake up to the park! Property is seamlessly connected to Mineral Springs Park (48 acres to explore!). Discover the perfect blend of privacy, nature, and convenience offering peaceful views, abundant wildlife and immediate access to walking trails and green space. Ideal

    Daryl Bauer Re/Max Advantage Plus

    1407 Mineral Springs Pkwy NE, Owatonna, MN 55060
  • 2325 Saint Paul Rd, Owatonna, MN 55060
    2325 Saint Paul Rd, Owatonna, MN 55060
    2325 Saint Paul Rd, Owatonna, MN 55060
    /16

    $189,900

    • 3 Beds
    • 1 Bath
    • 1,205 Sq Ft

    2325 Saint Paul Rd, Owatonna, MN 55060

    Welcome home! This charming 3-bedroom, 1-bath property features a recently updated open-concept kitchen perfect for everyday living and entertaining. Enjoy relaxing mornings on the open front porch and unwind on the lovely patio overlooking a spacious yard. Complete with a great detached two-car garage, this home offers comfort, functionality, and plenty of outdoor space to enjoy. New electrical

    Deb Schmidt Help-U-Sell Heritage Real Est.

    2325 Saint Paul Rd, Owatonna, MN 55060
  • 160 26th St NW, Owatonna, MN 55060
    160 26th St NW, Owatonna, MN 55060
    /2

    $150,000

    • Land
    • 0.69 Acre
    • $217,391 per Acre

    160 26th St NW, Owatonna, MN 55060

    Nice commercial lot located on the northwest edge of town.

    Deb Schmidt Help-U-Sell Heritage Real Est.

    160 26th St NW, Owatonna, MN 55060
  • 2580 Harvest Ln NW, Owatonna, MN 55060
    2580 Harvest Ln NW, Owatonna, MN 55060
    2580 Harvest Ln NW, Owatonna, MN 55060
    /5

    $150,000

    • Land
    • 1.46 Acres
    • $102,740 per Acre

    2580 Harvest Ln NW, Owatonna, MN 55060

    Just minutes from Highway 35, this lush and level corner lot spans nearly one and a half acres, offering outstanding visibility and accessibility-ideal for business development. The land is blanketed in rich greenery and features a smooth, flat terrain that's ready for construction. Located near the Owatonna airport, medical facilities and busy shopping centers, this property is perfectly

    Jane Kaebel Edina Realty, Inc.

    2580 Harvest Ln NW, Owatonna, MN 55060
  • 330 S Oak Ave, Owatonna, MN 55060
    330 S Oak Ave, Owatonna, MN 55060
    330 S Oak Ave, Owatonna, MN 55060
    /12

    $155,000

    • Land
    • 0.75 Acre
    • $206,667 per Acre

    330 S Oak Ave, Owatonna, MN 55060

    Great opportunity to acquire a shovel-ready commercial lot. This property boasts 3 parcels. Within walking distance to downtown Owatonna, this property benefits from proximity to established businesses, local amenities, and residential areas.Great opportunity to acquire a shovel-ready commercial lot. This property boasts 3 parcels. Within walking distance to downtown Owatonna, this property

    Chaya Blum RE/MAX Venture

    330 S Oak Ave, Owatonna, MN 55060
Minnesota Steele County Owatonna

Real Estate & Homes in Owatonna, MN under $200,000

Home Trends in Owatonna, MN

On average, homes in Owatonna, MN sell after 47 days on the market compared to the national average of 55 days. The median sale price for homes in Owatonna, MN over the last 12 months is $284,000, consistent with the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$284,000
Median Single Family Sale Price
$289,900
Median Townhouse Sale Price
$326,000
Average Price Per Sq Ft
$161
Number of Homes for Sale
57
Last 12 months Home Sales
349
Months of Supply
2.00
Median List Price
$289,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%
How to Buy a Home How to Finance a Home How to Sell a Home

In Owatonna, you'll find a diverse selection of properties with 11 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Owatonna, MN.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group