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These days, finding an affordable place to live in the Apple Valley area can be challenging. Home prices in Apple Valley are now at a median cost of $370,689, higher than the Minnesota average of $345,793.
The average cost of rent is $1,734/mo in Apple Valley, primarily driven by the current value of real estate in the Apple Valley area. In Apple Valley, 26.43% of households rent, and 36.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Apple Valley is $9,042 per month. Households that rent pay about 19.18% of their income on rent here. Apple Valley’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rosemount, MN: higher priced homes
- Burnsville, MN: equally priced homes
- Lakeville, MN: higher priced homes
- Eagan, MN: equally priced homes
- Farmington, MN: equally priced homes
- Savage, MN: higher priced homes
- Bloomington, MN: equally priced homes
- Coates, MN: higher priced homes
- Richfield, MN: less expensive homes
- Inver Grove Heights, MN: higher priced homes
Cities with Similar Populations
- Bonita Springs, FL: higher priced homes
- La Jolla, CA: higher priced homes
- Danville, VA: less expensive homes
- Plymouth, MA: higher priced homes
- Mount Prospect, IL: equally priced homes
- Columbia, TN: less expensive homes
- Berwyn, IL: less expensive homes
- New Brunswick, NJ: equally priced homes
- Pinellas Park, FL: less expensive homes
- Bensalem, PA: equally priced homes
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