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These days, finding an affordable place to live in the Backus area can be challenging. Home prices in Backus are now at a median cost of $259,870, lower than the Minnesota average of $345,793.
The average cost of rent is $901/mo in Backus, primarily driven by the current value of real estate in the Backus area. In Backus, 9.21% of households rent, and 47.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Backus is $5,093 per month. Households that rent pay about 17.68% of their income on rent here. Backus’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chickamaw Beach, MN: less expensive homes
- Pine River, MN: equally priced homes
- Woodrow, MN: equally priced homes
- Hackensack, MN: higher priced homes
- Ah Gwah Ching, MN: equally priced homes
- Jenkins, MN: higher priced homes
- Swanburg, MN: higher priced homes
- Badoura, MN: equally priced homes
- Pequot Lakes, MN: higher priced homes
- Longville, MN: higher priced homes
Cities with Similar Populations
- Doucette, TX: less expensive homes
- Rangely, CO: less expensive homes
- Zavalla, TX: less expensive homes
- Windsor, ME: less expensive homes
- Mount Enterprise, TX: less expensive homes
- Wapwallopen, PA: less expensive homes
- Colwyn, PA: less expensive homes
- Greenfield, IA: less expensive homes
- Highland Mills, NY: higher priced homes
- Hindsville, AR: equally priced homes
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