The Most Affordable Neighborhoods in Birchwood Village, MN by Home Value

 

Birchwood Village, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Birchwood Village area can be challenging. Home prices in Birchwood Village are now at a median cost of $451,942, higher than the Minnesota average of $345,793.

The average cost of rent is $1,707/mo in Birchwood Village, primarily driven by the current value of real estate in the Birchwood Village area. In Birchwood Village, 14.14% of households rent, and 36.14% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Birchwood Village is $11,910 per month. Households that rent pay about 14.33% of their income on rent here. Birchwood Village’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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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