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These days, finding an affordable place to live in the Big Lake area can be challenging. Home prices in Big Lake are now at a median cost of $356,213, higher than the Minnesota average of $345,793.
The average cost of rent is $1,708/mo in Big Lake, primarily driven by the current value of real estate in the Big Lake area. In Big Lake, 10.63% of households rent, and 23.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Big Lake is $9,861 per month. Households that rent pay about 17.32% of their income on rent here. Big Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Monticello, MN: equally priced homes
- Orrock, MN: higher priced homes
- Becker, MN: equally priced homes
- Albertville, MN: equally priced homes
- Elk River, MN: equally priced homes
- Otsego, MN: higher priced homes
- Zimmerman, MN: equally priced homes
- St. Michael, MN: higher priced homes
- Hasty, MN: equally priced homes
- Silver Creek, MN: higher priced homes
Cities with Similar Populations
- Evergreen Park, IL: less expensive homes
- Hartford, WI: equally priced homes
- Melville, NY: higher priced homes
- Mesquite, NV: equally priced homes
- Milford, DE: less expensive homes
- Millersville, MD: higher priced homes
- Stevenson Ranch, CA: higher priced homes
- Prospect, KY: higher priced homes
- Monroe, CT: higher priced homes
- Monticello, MN: equally priced homes
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