Expensive
Affordable
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These days, finding an affordable place to live in the Canyon area can be challenging. Home prices in Canyon are now at a median cost of $288,690, lower than the Minnesota average of $345,793.
The average cost of rent is $1,048/mo in Canyon, primarily driven by the current value of real estate in the Canyon area. In Canyon, 6.32% of households rent, and 45.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canyon is $8,093 per month. Households that rent pay about 12.95% of their income on rent here. Canyon’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alborn, MN: less expensive homes
- Payne, MN: less expensive homes
- Prosit, MN: less expensive homes
- Culver, MN: equally priced homes
- Burnett, MN: equally priced homes
- Shaw, MN: higher priced homes
- Cotton, MN: less expensive homes
- Saginaw, MN: equally priced homes
- Harnell Park, MN: equally priced homes
- Four Corners, MN: higher priced homes
Cities with Similar Populations
- Pine Grove Furnace, PA: equally priced homes
- Matlock, WA: higher priced homes
- Mazarn, AR: less expensive homes
- Mellette, SD: less expensive homes
- Melstone, MT: equally priced homes
- Mercer, ND: less expensive homes
- Patton, AL: less expensive homes
- Pepperell, AL: equally priced homes
- Pilgrimham, PA: less expensive homes
- Maple Grove, OH: less expensive homes
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