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These days, finding an affordable place to live in the Cottage Grove area can be challenging. Home prices in Cottage Grove are now at a median cost of $404,016, higher than the Minnesota average of $345,793.
The average cost of rent is $1,903/mo in Cottage Grove, primarily driven by the current value of real estate in the Cottage Grove area. In Cottage Grove, 11.28% of households rent, and 28.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cottage Grove is $10,653 per month. Households that rent pay about 17.86% of their income on rent here. Cottage Grove’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Paul Park, MN: less expensive homes
- Newport, MN: equally priced homes
- Woodbury, MN: higher priced homes
- Inver Grove Heights, MN: higher priced homes
- Nininger, MN: higher priced homes
- South St. Paul, MN: less expensive homes
- Afton, MN: higher priced homes
- Sunfish Lake, MN: higher priced homes
- Landfall, MN: less expensive homes
- Hastings, MN: less expensive homes
Cities with Similar Populations
- San Lorenzo, PR: less expensive homes
- Franklin, WI: equally priced homes
- Gahanna, OH: less expensive homes
- Grass Valley, CA: higher priced homes
- Holiday, FL: less expensive homes
- Hudsonville, MI: equally priced homes
- Hyde Park, MA: higher priced homes
- Irmo, SC: less expensive homes
- Kendall West, FL: equally priced homes
- Lewiston, ME: less expensive homes
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