Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Armstrong area can be challenging. Home prices in Armstrong are now at a median cost of $140,362, lower than the Minnesota average of $269,934.
The average cost of rent is $854/mo in Armstrong, primarily driven by the current value of real estate in the Armstrong area. While nearly 49.90% of residents own their homes outright in Armstrong, 13.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Armstrong is $5,874 per month. Households that rent pay about 14.55% of their income on rent here. Armstrong's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Alden, MN: equally priced homes
- Conger, MN: higher priced homes
- Freeborn, MN: equally priced homes
- Walters, MN: equally priced homes
- Manchester, MN: higher priced homes
- Mansfield, MN: less expensive homes
- Albert Lea, MN: equally priced homes
- Wells, MN: less expensive homes
- Twin Lakes, MN: higher priced homes
- Hartland, MN: higher priced homes
Cities with Similar Populations
- Lukeville, AZ: less expensive homes
- Monarch, MT: higher priced homes
- St. John, ME: less expensive homes
- Sterlington, NY: higher priced homes
- Sunderland, VT: higher priced homes
- Metea, IN: less expensive homes
- Matlock, WA: higher priced homes
- Tesuque, NM: higher priced homes
- Togo, MN: higher priced homes
- Dundee, KS: less expensive homes
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