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Affordable
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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 $140,720, lower than the Minnesota average of $345,793.
The average cost of rent is $761/mo in Ada, primarily driven by the current value of real estate in the Ada area. In Ada, 28.69% of households rent, and 49.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ada is $5,463 per month. Households that rent pay about 13.93% of their income on rent here. Ada’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Borup, MN: higher priced homes
- Lockhart, MN: equally priced homes
- Heiberg, MN: equally priced homes
- Gary, MN: higher priced homes
- Hendrum, MN: equally priced homes
- Twin Valley, MN: equally priced homes
- Halstad, MN: equally priced homes
- Perley, MN: higher 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: higher priced homes
- Lone Pine, CA: higher priced homes
- Mona, UT: higher priced homes
- Bethel, VT: higher priced homes
- Wakefield, NE: equally priced homes
- Ruby, SC: equally priced homes
- Huntington, MA: higher priced homes
- Porter Springs, GA: higher priced homes
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