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These days, finding an affordable place to live in the Beaver Bay area can be challenging. Home prices in Beaver Bay are now at a median cost of $178,062, lower than the Minnesota average of $269,934.
The average cost of rent is $779/mo in Beaver Bay, primarily driven by the current value of real estate in the Beaver Bay area. While nearly 39.98% of residents own their homes outright in Beaver Bay, 9.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Beaver Bay is $6,046 per month. Households that rent pay about 12.89% of their income on rent here. Beaver Bay's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Silver Bay, MN: less expensive homes
- Lax Lake, MN: less expensive homes
- East Beaver Bay, MN: equally priced homes
- Finland, MN: higher priced homes
- Little Marais, MN: higher priced homes
- Whyte, MN: higher priced homes
- Wales, MN: higher priced homes
- Highland, MN: higher priced homes
- Murphy City, MN: higher priced homes
- Waldo, MN: higher priced homes
Cities with Similar Populations
- San Mateo, NM: less expensive homes
- Lebam, WA: higher priced homes
- Saratoga, IA: less expensive homes
- Leon Junction, TX: less expensive homes
- Liberty, NE: less expensive homes
- San Pablo, CO: less expensive homes
- Valentine, TX: higher priced homes
- Lickskillet, OH: less expensive homes
- Van Cleve, MO: equally priced homes
- Lily Grove, TN: less expensive homes
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