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These days, finding an affordable place to live in the Annandale area can be challenging. Home prices in Annandale are now at a median cost of $320,439, lower than the Minnesota average of $345,793.
The average cost of rent is $1,236/mo in Annandale, primarily driven by the current value of real estate in the Annandale area. In Annandale, 11.36% of households rent, and 43.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Annandale is $6,673 per month. Households that rent pay about 18.52% of their income on rent here. Annandale’s most expensive areas are in the northeastern 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
- French Lake, MN: higher priced homes
- West Albion, MN: higher priced homes
- South Haven, MN: higher priced homes
- Maple Lake, MN: higher priced homes
- Silver Creek, MN: higher priced homes
- Knapp, MN: equally priced homes
- Rassat, MN: higher priced homes
- Clearwater, MN: equally priced homes
- Kingston, MN: higher priced homes
- Kimball, MN: equally priced homes
Cities with Similar Populations
- Cochranville, PA: higher priced homes
- New Hope, AL: less expensive homes
- Columbus, TX: less expensive homes
- New Market, MD: higher priced homes
- New Tripoli, PA: higher priced homes
- New Waverly, TX: less expensive homes
- New Wilmington, PA: less expensive homes
- New Windsor, MD: higher priced homes
- Newton, MS: less expensive homes
- Colfax, NC: equally priced homes
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