The Most Affordable Neighborhoods in Chisholm, MN by Home Value

These days, finding an affordable place to live in the Chisholm area can be challenging. Home prices in Chisholm are now at a median cost of $123,419, lower than the Minnesota average of $345,793.

The average cost of rent is $772/mo in Chisholm, primarily driven by the current value of real estate in the Chisholm area. In Chisholm, 24.38% of households rent, and 59.28% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chisholm is $4,572 per month. Households that rent pay about 16.89% of their income on rent here. Chisholm’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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