Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ada area can be challenging. Home prices in Ada are now at a median cost of $106,823, lower than the Minnesota average of $269,934.
The average cost of rent is $612/mo in Ada, primarily driven by the current value of real estate in the Ada area. While nearly 49.33% of residents own their homes outright in Ada, 24.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ada is $4,650 per month. Households that rent pay about 13.16% of their income on rent here. Ada's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Borup, MN: equally priced homes
- Lockhart, MN: equally priced homes
- Heiberg, MN: equally priced homes
- Gary, MN: higher priced homes
- Hendrum, MN: less expensive homes
- Twin Valley, MN: equally priced homes
- Halstad, MN: equally priced homes
- Perley, MN: equally priced homes
- Felton, MN: higher priced homes
- Syre, MN: higher priced homes
Cities with Similar Populations
- Collinwood, TN: less expensive homes
- Round O, SC: less expensive homes
- Dayton, PA: equally priced homes
- Lone Pine, CA: higher priced homes
- Mona, UT: higher priced homes
- Bethel, VT: higher priced homes
- Wakefield, NE: higher priced homes
- Ruby, SC: less expensive homes
- Huntington, MA: higher priced homes
- Porter Springs, GA: higher priced homes
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