Home Price Key
Affordable
Average
Expensive
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 $212,000, lower than the Minnesota average of $269,934.
The average cost of rent is $1,211/mo in Canyon, primarily driven by the current value of real estate in the Canyon area. While nearly 43.34% of residents own their homes outright in Canyon, 4.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Canyon is $6,534 per month. Households that rent pay about 18.54% of their income on rent here. Canyon's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Alborn, MN: equally priced homes
- Payne, MN: less expensive homes
- Prosit, MN: equally priced 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: higher priced homes
- Four Corners, MN: higher priced homes
Cities with Similar Populations
- Pine Grove Furnace, PA: higher 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: less expensive homes
- Pilgrimham, PA: less expensive homes
- Maple Grove, OH: less expensive homes
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