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Affordable
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These days, finding an affordable place to live in the Ceylon area can be challenging. Home prices in Ceylon are now at a median cost of $113,970, lower than the Minnesota average of $345,793.
The average cost of rent is $945/mo in Ceylon, primarily driven by the current value of real estate in the Ceylon area. In Ceylon, 24.25% of households rent, and 62.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ceylon is $4,618 per month. Households that rent pay about 20.47% of their income on rent here. Ceylon’s most expensive areas are in the northeastern 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
- Dolliver, IA: higher priced homes
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- Fairmont, MN: higher priced homes
- Armstrong, IA: equally priced homes
Cities with Similar Populations
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