The Most Affordable Neighborhoods in Breckenridge, MN by Home Value

These days, finding an affordable place to live in the Breckenridge area can be challenging. Home prices in Breckenridge are now at a median cost of $161,235, lower than the Minnesota average of $345,793.

The average cost of rent is $1,400/mo in Breckenridge, primarily driven by the current value of real estate in the Breckenridge area. In Breckenridge, 28.09% of households rent, and 37.27% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Breckenridge is $5,650 per month. Households that rent pay about 24.78% of their income on rent here. Breckenridge’s most expensive areas are in the northeastern 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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