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These days, finding an affordable place to live in the Cedar Mills area can be challenging. Home prices in Cedar Mills are now at a median cost of $238,600, lower than the Minnesota average of $345,793.
The average cost of rent is $1,375/mo in Cedar Mills, primarily driven by the current value of real estate in the Cedar Mills area. In Cedar Mills, 9.95% of households rent, and 55.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Mills is $7,839 per month. Households that rent pay about 17.54% of their income on rent here. Cedar Mills’s most expensive areas are in the central 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
- Greenleaf, MN: higher priced homes
- Lakeside, MN: higher priced homes
- Hutchinson, MN: equally priced homes
- Strout, MN: higher priced homes
- Cosmos, MN: less expensive homes
- Jennie, MN: higher priced homes
- Komensky, MN: higher priced homes
- Darwin, MN: higher priced homes
- Lamson, MN: higher priced homes
- Litchfield, MN: less expensive homes
Cities with Similar Populations
- Tensas Bluff, LA: less expensive homes
- Verona, NE: less expensive homes
- Vernon, KS: less expensive homes
- Verhalen, TX: less expensive homes
- Ventero, NM: less expensive homes
- Vaughn, VA: higher priced homes
- Valhalla, NC: less expensive homes
- Upper Dilia, NM: less expensive homes
- Unity, SC: higher priced homes
- Thomas Hill, MO: less expensive homes
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