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Affordable
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These days, finding an affordable place to live in the Alden area can be challenging. Home prices in Alden are now at a median cost of $179,304, lower than the Minnesota average of $345,793.
The average cost of rent is $853/mo in Alden, primarily driven by the current value of real estate in the Alden area. In Alden, 13.99% of households rent, and 49.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alden is $6,379 per month. Households that rent pay about 13.36% of their income on rent here. Alden’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Armstrong, MN: equally priced homes
- Conger, MN: higher priced homes
- Freeborn, MN: equally priced homes
- Manchester, MN: higher priced homes
- Walters, MN: higher priced homes
- Mansfield, MN: less expensive homes
- Albert Lea, MN: equally priced homes
- Wells, MN: less expensive homes
- Hartland, MN: higher priced homes
- Twin Lakes, MN: higher priced homes
Cities with Similar Populations
- Jackman, ME: higher priced homes
- Carlisle, SC: less expensive homes
- Frisco, NC: higher priced homes
- Silver Lake, OR: higher priced homes
- Jackpot, NV: less expensive homes
- Inchelium, WA: higher priced homes
- Ravenden, AR: less expensive homes
- Troutdale, VA: less expensive homes
- Davenport, CA: higher priced homes
- Spring Valley, AR: higher priced homes
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