The Most Affordable Neighborhoods in Ceylon, MN by Home Value

 

Ceylon, MN Map of Most Affordable Neighborhoods
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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 $102,880, lower than the Minnesota average of $269,934.

The average cost of rent is $805/mo in Ceylon, primarily driven by the current value of real estate in the Ceylon area. While nearly 63.20% of residents own their homes outright in Ceylon, 23.82% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ceylon is $4,093 per month. Households that rent pay about 19.67% of their income on rent here. Ceylon's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.


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