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Affordable
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These days, finding an affordable place to live in the Arco area can be challenging. Home prices in Arco are now at a median cost of $229,663, lower than the Minnesota average of $345,793.
The average cost of rent is $815/mo in Arco, primarily driven by the current value of real estate in the Arco area. In Arco, 8.00% of households rent, and 59.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arco is $7,700 per month. Households that rent pay about 10.58% of their income on rent here. Arco’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ivanhoe, MN: less expensive homes
- Tyler, MN: less expensive homes
- Lake Benton, MN: less expensive homes
- Russell, MN: less expensive homes
- Florence, MN: equally priced homes
- Wilno, MN: less expensive homes
- Lynd, MN: higher priced homes
- Burchard, MN: equally priced homes
- Hendricks, MN: less expensive homes
- Verdi, MN: less expensive homes
Cities with Similar Populations
- Woodmans Mills, ME: higher priced homes
- Fivemile, WV: less expensive homes
- Five Points, NC: less expensive homes
- Fence Lake, NM: less expensive homes
- St. Joseph, PA: higher priced homes
- Vail, WA: higher priced homes
- Effie, MN: less expensive homes
- Glenwood, WA: higher priced homes
- Azen, MO: equally priced homes
- East Arlington, VT: higher priced homes
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