Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bovey area can be challenging. Home prices in Bovey are now at a median cost of $155,848, lower than the Minnesota average of $269,934.
The average cost of rent is $858/mo in Bovey, primarily driven by the current value of real estate in the Bovey area. While nearly 39.71% of residents own their homes outright in Bovey, 13.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bovey is $5,482 per month. Households that rent pay about 15.65% of their income on rent here. Bovey's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Taconite, MN: less expensive homes
- Coleraine, MN: equally priced homes
- Marble, MN: less expensive homes
- Calumet, MN: equally priced homes
- La Prairie, MN: higher priced homes
- Grand Rapids, MN: higher priced homes
- Pengilly, MN: higher priced homes
- Cohasset, MN: higher priced homes
- Nashwauk, MN: equally priced homes
- Warba, MN: higher priced homes
Cities with Similar Populations
- Albany, TX: equally priced homes
- Coffeeville, MS: less expensive homes
- Santa Rosa, NM: less expensive homes
- Cove City, NC: less expensive homes
- Stanton, NE: less expensive homes
- Stratford, OK: less expensive homes
- Burns Flat, OK: less expensive homes
- Thaxton, MS: less expensive homes
- Benton, MS: less expensive homes
- Beech Creek, PA: equally priced homes
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