The Most Affordable Neighborhoods in Big Falls, MN by Home Value

These days, finding an affordable place to live in the Big Falls area can be challenging. Home prices in Big Falls are now at a median cost of $152,959, lower than the Minnesota average of $345,793.

The average cost of rent is $631/mo in Big Falls, primarily driven by the current value of real estate in the Big Falls area. In Big Falls, 10.68% of households rent, and 59.41% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Big Falls is $5,296 per month. Households that rent pay about 11.92% of their income on rent here. Big Falls’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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